MTECHTIPS

MTECHTIIPS:-Derivatives Commentary:
Nifty future on weekly basis closed negative at 5221.10 levels. OI of Nifty future increased by 1.75%
with a fall in price by 2.31% from the previous week, indicating that long liquidation as well as fresh
built up of short position was seen as Nifty future was unable to hold 5300 level. In the previous week,
Nifty future was stuck in a narrow range and consolidated in between 5200 to 5300 levels then finally
closed near  the lower range of the trading band. If it sustains above 5200 levels then again may
consolidate in a narrow range whereas if it sustains below 5200 levels, then selling pressure may get
intensified in the markets. The Nifty Futures OI increased by 1.75% from 3.97 lakhs contracts to 4.03
lakhs  contracts with a fall in price by 2.31% from 5344.55 to 5221.10levels. The Nifty Call OI
increased by 27.47% from 8.87 lakhs contracts to 11.30 lakhs contracts and Nifty Put OI also increased
by 15.38% from 10.70 lakhs contracts to 12.34 lakhs contracts. The Total OI of Nifty was up by 17.64%
from 23.54lakhs contracts to 27.69 lakhs contracts.