Nifty Trend for Today, Nifty Outlook for - 12-Dec-2012

NIFTY FUTURE-CMP(5928.4) is currently in SIDEWAYS trend . Yesterday the trend was BEAR In Dec series Nifty future added 1.98 lakh position in Open Interest and this accounts to 0.97 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 29.6 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 3.07 lakh position in open interest and this accounts to 1.43 % of Total Open Interest in all series and cumulatively trading in average premium of 63.3 Rs to Underlying. The open interest is also not increasing with trend so be careful
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 Put option is trading at discount so sentiment at lower level seems cautious Yesterday Nifty Put option has added 713.2 lakh position and Nifty call option has added 682.7 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 4.68 crore in value and Nifty call option has added Rs 8.03 crore in value on cumulative basis.

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