NIFTY FUTURE-CMP(5633.35) is currently in SIDEWAYS trend . Yesterday the trend was CONFUSION TREND In Nov series Nifty future shed 6.46 lakh position in Open Interest and this accounts to -5.06 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 6.75 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 1.42 lakh position in open interest and this accounts to -0.86 % of Total Open Interest in all series and cumulatively trading in average premium of 38.5 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 call side and writing of call is increasing The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 804.57 lakh position and Nifty call option has added 777.86 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 1.09 crore in value and Nifty call option has added Rs 4.36 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 call side and writing of call is increasing The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 804.57 lakh position and Nifty call option has added 777.86 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 1.09 crore in value and Nifty call option has added Rs 4.36 crore in value on cumulative basis.
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8878998885, 0731-6461777
We believe bearish market is as good as bullish market. Traders can get many trading opportunities in both types of trends.
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