Nifty premium closed at 5232 with a 2 point premium against the Spot Nifty at 5230
Option Analysis
· Call Writing: Major activity was witnessed below 5,300 levels. 5,200 and 5,100 strike price added more than 9 lacs shares. Major concentration of open interest is still observed at 5,400 strike price of 84 lacs shares.
· Put Writing: For last few trading sessions, we are observing shedding more than writing across strike prices. Major shedding was observed at 5,300 of more than 4 lacs shares. Major concentration of open interest is still observed at 5,200 of 89.2 lacs shares
Implications: For last few trading sessions, we have observed more of Call writing than put writing indicates some weakness at current levels. However, we feel 5,200 to act as a major support for the April series on account of put concentration.
FIIs and DIIs activity in capital market segment
· FIIs were net sellers of Rs 157 crore with Gross buyers of Rs 2,419 crore and Gross Sellers of Rs 2,575 crore.
· DIIs were net buyers of Rs 101 crore with Gross buyers of Rs 1,345 crore and Gross sellers of Rs 1,243 crore
Thanks,
Dewang K. Mehta
DENIP Consultants - www.denip.in
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