Market Commentary

Nifty Futures add 0.13 lakhs shares in open interest - Geojit BNP Paribas



Posted On : 2013-01-17 20:28:31( TIMEZONE : IST )

Nifty Futures add 0.13 lakhs shares in open interest - Geojit BNP Paribas

Indian market opened on flat note trade tracking gains in IT, Realty and Oil sectors. Later it edged higher amid initial volatility. Intraday volatility continued as key bench mark indices trimmed gains after hitting fresh intraday high in morning trade. From there market soon retained positive zone as key bench mark indices edged higher in afternoon trade. Market ended higher on the back of buying in oil Companies amid hopes of growth recovery in Asia's third biggest economy after Govt. partially deregulated diesel prices. Nifty closed at 6039 up around 37 points. On the domestic front Oil & Gas, Real Estate, Technology, IT, Psu were the gaining session. While Capital goods. Fmcg, Banks, Consumer Durables and Health Care indexes were on the declining session. The market breadth was positive which were advancing 968 shares and 1092 shares declining. Volatility index closed at 14.01 which was up around 0.14 percent.

Nifty futures closed at 6051. The nifty futures added by 0.13 Lakh shares in the OI. The nifty PCR changed from 1.28 to 1.14. The implied volatility of nifty call stood at 11.21 and that of put stood at 13.56. Profit booking was seen in the ITM call options and addition of long positions in the OTM call options. Additions of short positions were seen both in the ITM and OTM put options. Nifty 5900 call option shed by 0.51 Lakh shares and as that 6000 call option shed by 1.21 Lakh shares in the OI. Nifty 5800 put option added by 6.34 lakh shares and 5900 put option added by 5.26 Lakh shares in the OI.

In the Nifty futures Hcl tech was up around 4.48% shed by 0.9 lakh shares in the OI showing profit booking. Bpcl was up around 3.64% added by 2.01 lakh shares in the OI showing addition of long position. Cipla was down around 2.02% added by 0.56 lakh shares in the OI showing addition of short position.The stocks ban in the F&O position is Suzlon, Ktk Bank, Punjlloyd, Ivrclinfra, Hdil etc. The FIIs were net Buyers of Rs.60 cr.

Source : Equity Bulls

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