Nifty Futures open interest decreases 2.22% - Aditya Birla Money

Nifty Futures open interest saw a decrease of around 2.22% and Nifty Futures saw an increase of 0.13%: Indicating Short Covering in NIFTY futures.

India VIX saw a decrease of around 1.58%: Indicating positiveness for the market.

The PCR for Nifty based on open interest saw an increase and stands at 1.13 as compared to 1.12 as on the previous trading session: Indicating positiveness for the market.

Nifty Futures is trading at a premium of 14-15 points as compared to a premium of 13-14 points as on the previous trading session: Indicating positiveness for the market.

High put option open interest build up of around 8.3 mn is seen at 6000 strike: Indicating that traders are betting on 5980-6000 to act as strong support.

High call option open interest build up of around 9.2 mn is seen at 6200 strike: Indicating that traders are betting on 6200-6205 to act as strong resistance.

In call options 6200 strike saw addition in open interest of around 0.27 mn: Further indicating that 6200 is likely to act as resistance.

In put options 6000 strike saw shedding in open interest of around 0.48 mn.

Securities in Ban for Trade are: - HDIL, IBREALEST, KTKBANK, PUNJLLOYD, RENUKA and SUZLON.

Source : Equity Bulls

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