Nifty opened weak on Expiry and stayed weak throughout the day to close at the lows at 5907.50, a huge loss of 83.00 points closing just above 50 Day Moving Average. The broader market was very weak, with just 363 advances to 813 declines. It is initial days for the OI Table but good support is building up around 5800 level. Nifty Open Interest is at 1,80,07,200 up by 32,95,900, whereas July series liquidated 34.35 lacs, with huge decrease in price, most probably 100% rollover with small short covering. FII’s bought huge 5.52 lacs Futures, mostly probably short covering, as their net OI decreased by 219456 contracts and the average price per contract comes to around 5865.89. Day range as per Option Table is 5865 - 5986 and as per VIX is 5856 - 5959 with 5932 as the Pivot. India VIX : 16.72, down by 0.19 points Call OI : 21560950 Put OI : 24544250 PCR OI : 1.138 SMR : 8.54 (Bearish: Expiry over and we have a new Series to deal with, initial range building up around 5800-6100 with negative bias...)
Posted on: Thu, 25 Jul 2013 14:33:13 +0000
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