Nifty Futures open interest decreases by 0.99% - Angel Broking

The Nifty futures open interest decreased by 0.99% while BankNifty futures open interest is increased by 0.22% as market closed at 5971.50 levels.

The Nifty Jan. future closed at premium of 27.25 point against a premium of 41.60 points. The Feb. series closed at a premium of 65.00 points.

The Implied Volatility of at the money options is increased from 11.70% to 11.79%.

Nifty PCR-OI has decreased from 1.05 to 1.00 levels. The total OI of the market is Rs.1,39,085/- cr. and the stock futures OI are Rs.38,289 /- cr.

Few of the liquid counters where we have seen high cost of carry are IOC, GVKPIL, ASHOKLEY, INDHOTEL and BPCL.

Source : Equity Bulls

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