Nifty Trend for Today, Nifty Outlook for – 08-Feb-2013
NIFTY FUTURE is currently in BEAR trend.
Yesterday the trend was CONFUSION TREND In Feb
series Nifty future shed 0.76 lakh
position in Open Interest and this accounts to -0.59 % of Total Open Interest
in Feb series.The Nifty Feb series
is trading at 22.3 Rs premium to Underlying . In derivative cumulatively for
all series contract Nifty future net
added 0.06 lakh position in open interest and this accounts to 0.04 % of Total
Open Interest in all series and cumulatively trading in average premium of
51.85 Rs to Underlying. The open interest is also increasing with trend and
discount of share is also increasing indicating down move
At current price
strike the activity is tilted to put side but writing of call is slightly
increasing at 6000 level The Nifty
Put option is trading at discount so sentiment at lower level seems cautious
Yesterday Nifty Put option has added
554.18 lakh position and Nifty call
option has added 572.98 lakh position in open interest on cumulative basis
Moneyflow wise Nifty Put option has
added Rs 11.56 crore in value and Niftycall option has added Rs 13.61 crore in value on cumulative basis.
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