Nifty Trend for Today, Nifty Outlook for - 30-Jan-2013
NIFTY FUTURE is currently in SIDEWAYS trend.
Yesterday the trend was STRONG BEAR LOW VOLATALITY In Jan series Nifty future shed 13.66 lakh position in Open Interest and this accounts to -14.37 % of Total Open Interest in Jan series.The Nifty Jan series is trading at 0.5 Rs discount to Underlying . In derivative cumulatively for all series contract Nifty future net added 8.25 lakh position in open interest and this accounts to 4.6 % of Total Open Interest in all series and cumulatively trading in average premium of 37.45 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down 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 put side but writing of call is slightly increasing at 6100 level Yesterday Nifty Put option has added 735.24 lakh position and Nifty call option has added 712.83 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 1.79 crore in value and Nifty call option has shed Rs -1.44 crore in value on cumulative basis.
GAIL (India) Ltd is currently trading at Rs 374.2, up by Rs 5 or 1.35% from its previous closing of Rs 369.2 on the BSE.capitalstars
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