Nifty gains 1.17% to close at 5471.75 - ZENMoney

Nifty traded on a positive note amid buying interest in select frontline stocks. Nifty gaind by 1.17% to close at 5471.75 levels, in the previous trading session.

Nifty Futures for the Aug Series were trading at a discount of 11.05 points against a premium of 5.85 points. Futures open interest has decreased to 2.32 Cr shares, which indicates closure of long positions, in the previous trading session.

Open interest of all Call options for the Aug series has decreased to 5.21 Crore shares, the average implied volatility has decreased to 19.91%, which indicates closure of long positions, in the previous trading session.

Call options strikes of 5500 and 5600 have seen addition of open interest, for the Aug series in the previous trading session.

Open interest of all Put options for the Aug series has increased to 4.57 Cr shares, the average implied volatility has increased to 29.45%, which indicates addition of long positions, in the previous trading session.

Put options strikes of 5400 and 5500 have seen addition of open interest, for the Aug series in the previous trading session.

Nifty Put-Call ratio of open interest has increased to 0.88 for the Aug series, which indicates addition of open interest in put options, in the previous trading session.

FIIs were net buyers in the F&O segment, to the tune of Rs 723 Cr in the Previous trading session.

Overall derivatives data for the Aug series indicates that Nifty Futures and Call options have closure of long positions, while Put options have seen addition of long positions, for the Aug series in the previous trading session.

Source : Equity Bulls

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