Nifty March Futures smartly recovered today and closed at 5441.50 up
by 102.90 points. Bank Nifty too closed higher at 10630.20 up by 416.30 points.
Volumes were slightly lower than yesterday. Open Interest in Nifty across all
the series improved by 7.75 lakh shares and stood at 2.73 Cr shares. Put Call
Ratio was comfortable at 1.10 slightly up from yesterday’s level. Volatility as
measured by India VIX was fairly stable at 25.85 down by 6%. Dollar Rupee pair
was trading bit higher at 49.46. All in all markets were able to recover from
yesterday’s shock and it seems that much needed correction ended yesterday.
In my opinion, upward journey again has resumed but some
confirmation in form of sustainable higher closing will confirm that. If we are
able to trade comfortably in this range of 5450 – 5650 for few more days, we
will probably break above this range and might see all time high. But finger
crossed as the whole month is eventful and let us see what it has to offer us
in coming days.
Top five individual stocks which gained today were TATAMTRDVR 14%,
LITL 12%, HDIL 12%, IFCI 10% and BGRENERGY 9%.
Top five individual stocks which lost ground were CAIRN -3%, TCS
-2%, BPCL -1%, ABB -1% and WIPRO -1%.
Top five individual stocks which attracted higher volumes were SBIN,
ICICIBANK, LT, HDIL and TATAMOTORS.
Top five individual options which attracted higher activity today
were SBIN 2300 CE, SBIN 2400 CE, SBIN 2200 CE, SBIN 2200 PE and SBIN 2100 PE.
Nifty option series where POSITIVE change in open interest was seen
were 5300 CE (1.07 LK) 5500 CE (2.69 LK) 5600 CE (1.83 LK) 5700 CE (2.39 LK)
5800 CE (3.67 LK) 5900 CE (3.94 LK) 6000 CE (3.52 LK) 4500 PE (1.77 LK) 4800 PE
(2.95 LK) 4900 PE (2.38 LK) 5200 PE (10.98 LK) 5300 PE (2.79 LK) 5400 PE (4.79
LK) 5500 PE (1.96 LK)
Nifty option series where NEGATIVE change in open interest was seen
were 5700 PE (1.47 LK)
Outstanding open interest in Out
of the Money Call Options stood at 2.18 Cr shares and that of Put Options
stood at 4.15 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.01 Cr shares and that of Put
Options stood at 57.96 Lk shares. Put Call Ratio of current series alone stands
at 1.48.
Happy Trading
Atul Doshi
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