NIFTY FUTURE-CMP(5640.45) is currently in SLIGHTLY BEAR trend . Yesterday the trend was CONFUSION TREND In Nov series Nifty future shed 5.04 lakh position in Open Interest and this accounts to -3.76 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 12.7 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 1.73 lakh position in open interest and this accounts to 1.04 % of Total Open Interest in all series and cumulatively trading in average premium of 42.07 Rs to Underlying. The open interest is also increasing with trend
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and writing of put is increasing The nifty Call and Put option is trading at discount so market is expecting rangebound between 5700 and 5600 Yesterday Nifty Put option has added 816.15 lakh position and Nifty call option has added 767.65 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 10.84 crore in value and Nifty call option has added Rs 0.62 crore in value on cumulative basis
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In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and writing of put is increasing The nifty Call and Put option is trading at discount so market is expecting rangebound between 5700 and 5600 Yesterday Nifty Put option has added 816.15 lakh position and Nifty call option has added 767.65 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 10.84 crore in value and Nifty call option has added Rs 0.62 crore in value on cumulative basis
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It is very difficult to predict where are markets headed? but, I feel we may have a little more selling before a decent move higher.
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