MTECHTIPS:- NIFTY FUTURE

MTECHTIPS:- NIFTY FUTURE

MTECHTIPS-IFTY FUTURE-CMP(12028.65) is currently in BEAR trend . Yesterday the trend was BULL WITH LV In Dec series Nifty future added 4.79 lakh position in Open Interest and this accounts to 3.41 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 56.85 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 6.49 lakh position in open interest and this accounts to 4.34 % of Total Open Interest in all series and cumulatively trading in average premium of 100.13 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and ratio is still strong but addition of call is slightly increasing at 12000 level The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 693.32 lakh position and Nifty call option has added 505.41 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 40.67 crore in value and Nifty call option has shed Rs -8.02 crore in value on cumulative basis

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