F&O Cues: Nifty futures may trade rangebound Data Feeler: Nifty future continued to maintain its northward journey for the fifth consecutive trading sessions with trading into life time high territory. Nifty future after a strong run up may now see some range bound move with immediate hurdle is placed at 6600 psychological zone. Looking at the option series data for the March series maximum call OI is at 6600 followed by 6500 strike prices whereas maximum put OI is placed at 6200 followed by 6300/6400 strike prices. Bank Nifty also witnessed positive momentum with crossing 12000 psychological levels and finally closed above this area. Index added fresh built up of long positions with increase in OI by 8% in previous trading session. Now for the day the immediate support is shifted at around 12000 zone whereas next hurdle is at 12200-12350 levels. Put Call Ratio based on Open Interest of Nifty moved up from 1.16 to 1.18 levels. Historical Volatility of Nifty moved down from 17.68 to 17.19 levels but Implied Volatility moved up from 16.13 to 16.82 levels. Nifty March Future closed flat to positive at 6567.55 levels. Nifty Future OI was up by 1.15% with rise in price by 0.27% in previous trading session. Market witnessed buying interest especially in Realty, Banking, CG, Oil & Gas, Power, and Auto sector stocks whereas selling pressure was seen in HC, IT, Teck and Metal space. Nifty March future premium closed at premium of 30 points as compare to 23 points in previous trading session. The market turnover decreased by 37.44% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 36.54%.
Posted on: Tue, 11 Mar 2014 04:10:03 +0000
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