Nifty February futures premium down to 18.90 points - Karvy

Nifty February futures premium decreased to 18.90 points from 23.50 points. Futures added 2 lac shares in OI.

Nifty March futures premium decreased to 48.00 points from 53.60 points. Futures added 1 lac shares in OI.

Nifty historical volatility fell to 24.71% from 25.48%.

Nifty put options added 13 lac shares in open interest, while Nifty call options added 2 lac shares.

Nifty put options implied volatility IV increased to 15.05% from 14.70%, while Nifty call options' IV decreased to 15.43% from 16.78%.

Nifty VIX rose to 15.31% from 15.65%.

The US markets closed positive yesterday, while Asian markets are currently trading flat. Hence, Nifty is expected to open positive as indicated by SGX Nifty. Trade long in the Nifty above 5930 with stop loss placed at 5900 for targets of 5950 and 5980 levels. Alternatively, trade short if the Nifty slips below 5900 levels targeting support levels.

Source : Equity Bulls

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