Tuesday, 8 January 2013

Nifty Trend for Today, Nifty Outlook for - 09-Jan-2013


NIFTY FUTURE-CMP(6043.3) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Jan series Nifty future shed 3.66 lakh position in Open Interest and this accounts to -2.33 % of Total Open Interest in Jan series.The Nifty Jan series is trading at 41.6 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 3.32 lakh position in open interest and this accounts to -1.97 % of Total Open Interest in all series and cumulatively trading in average premium of 76.35 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious 
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side and writing of call is increasing The Nifty Put option is trading at discount so sentiment at lower level seems cautious Yesterday Nifty Put option has added 603.62 lakh position and Nifty call option has added 575.33 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 13.14 crore in value and Nifty call option has added Rs 3.61 crore in value on cumulative basis

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