Nifty Trend forToday, Nifty Outlook for – 26-Feb-2013

NIFTY FUTURE is currently in SIDEWAYS trend 

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Yesterday the trend was CONFUSION TREND In Feb series Nifty future shed 7.29 lakh position in Open Interest and this accounts to -4.6 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 3.05 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 9.68 lakh position in open interest and this accounts to 4.65 % of Total Open Interest in all series and cumulatively trading in average premium of 34.9 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down moveAt current price strike the activity is tilted to put side but writing of call is slightly increasing at 5900 level The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 672.86 lakh position and Nifty call option has added 772.61 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 1.22 crore in value and Nifty call option has added Rs 16.71 crore in value on cumulative basis.

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