Nifty trading at premium, with concentration observed at 5,500 CE and 5,300 PE indicates July series to expire between 5,500 and 5,350 wherein 5,410 acting as an intermediate support. The wide range for August series on account of concentration is 5,500 and 5,400.
Option Analysis
· Call Writing: In July series major call concentration is witnessed at 5,500 PE of 121 lakh shares. In August series, maximum writing and concentration was seen at 5,500 PE of 5.72 lakh shares.
· Put Writing: On the other hand, major concentration in puts is observed at 5,300 of 100 lakh shares for July series. However, fresh major writing in August series was witnessed in 5,400 strike of 8.23 lakh shares.
Implications: In July series, shedding is seen across strike prices in calls as well as puts with major concentration observed at 5,500 CE and 5,300 PE. Thus we expect Nifty to expire between 5,500 and 5,350 with 5410 acting as an intermediate support.
FIIs and DIIs activity in capital market segment
· FIIs were net buyers of Rs 196 crore with Gross buyers of Rs 2,078 crore and Gross Sellers of Rs 1,881 crore.
· DIIs were net sellers of Rs 718 crore with Gross buyers of Rs 742 crore and Gross sellers of Rs 1,461 crore.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 27th July, 2010 close at 19.22 which is 3.76% lower as compared to previous close, after touching an intraday high of 20.16 and low of 18.96.
Implications: Indian VIX plunged in today’s trading session and gave up yesterday’s gains. We expect it to move upwards and are Bullish on the same.
No comments:
Post a Comment