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Sunday 2 December 2012

Nifty Trend for Today, Nifty Outlook for - 03-Dec-2012

NIFTY FUTURE-CMP(5909.05) is currently in BULL trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Dec series Nifty future added 15.19 lakh position in Open Interest and this accounts to 7.83 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 29.2 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 15.96 lakh position in open interest and this accounts to 7.89 % of Total Open Interest in all series and cumulatively trading in average premium of 61.27 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
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 but writing of Put is slightly increasing at 5800 level The Nifty Put option is trading at discount so sentiment at lower level seems cautious Yesterday Nifty Put option has added 592.61 lakh position and Nifty call option has added 534.03 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 46.02 crore in value and Nifty call option has added Rs 13.07 crore in value on cumulative basis.


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