Cash Market: FII’s bought 523 CR in the cash market today. DII’s went again in the opposite direction and sold 245 CR in equity.
Index Futures: We saw covering of 2490 Index short contracts in Index Futures and the addition of 5369 long index futures.The net liquidation of longs this series is now 31734 contracts and 42406 new shorts have been created.
Index Options: The Option activity was an across the board profit booking/ pruning of positions today.1335 long calls were cleared and 25867 short calls closed.16972 long puts were closed and 145 short put contracts covered. Quite clearly the bias from these option moves is bullish as both long puts and short calls were closed. Besides it also points to volatility not reducing much from here.
Broader Market Story :
Nifty Spot : 6073.30 (+ 0.41%)
Bank Nifty Fut : 10342.40 (+ 1.00%)
INDIA VIX : 15.83 (- 4.98%)
Premium : 18 VS 13
Nifty Fut OI : + 2.33L shs ( + 1.28 %) – LB
Bank Nifty Fut OI : – 0.26L shs ( – 1.47 %) – SC
Major Changes in Nifty Feb Options OI :
Calls :
6000 : – 2.60L(30.77L) – SC
6200 : + 2.34L(65.61L) – LB
6300 : – 2.17L(48.75L) – PB
Puts :
5800 : + 2.65L( 50.83L) – SB
5900 : – 4.01L( 57.80L) – PB
6000 : +13.00L(100.15L) – SB
6100 : + 3.84L( 39.66L) – SB
6200 : + 3.13L( 15.18L) – SB
Highest OI Nifty : Calls 6200 : 65.61L – Puts 6000 : 100.15L
Highest OI Bank Nifty : Calls 11000 : 4.22L – Puts 10000 : 4.24L