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Monday 3 December 2012

Nifty Trend for Today, Nifty Outlook for - 04-Dec-2012

NIFTY FUTURE-CMP(5911.6) is currently in BULL trend . Yesterday the trend was BEAR WITH LV In Dec series Nifty future added 3.08 lakh position in Open Interest and this accounts to 1.56 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 40.65 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 3.51 lakh position in open interest and this accounts to 1.71 % of Total Open Interest in all series and cumulatively trading in average premium of 70.33 Rs to Underlying. The open interest is 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 622.44 lakh position and Nifty call option has added 567.22 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 14.96 crore in value and Nifty call option has added Rs 2.93 crore in value on cumulative basis.


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