Nifty opened negative on settlement day, and stayed in a range of 20 points for the better part of the session, but huge short covering in the dying minutes saw the index cross 6300 for the first time after 3 years but closed just below it at 6299.15, a huge gain of 47.45 points. The broader market was positive, with 737 advances to 600 declines. OI table at the start of the series is building up support around 6000 level. Nifty Open Interest is at 2,30,29,900 up by 41,77,600, with increase in price, most probably huge long build-up. Bank Nifty Open Interest is at 17,35,950 up by 4,92,725, with increase in price, most probably huge long build-up. FII’s bought huge 7.71 lacs Futures, mostly short covering, as their net OI decreased by 167031 contracts (includes 239956 longs and 224538 shorts) and the average price per contract comes to around 6269.94. Day Range as per Option Table is 6224 - 6347 and as per VIX is 6239 - 6360 with 6281 as the Pivot. India VIX : 18.39 down by 1.14 points Call OI : 19839000 Put OI : 23547200 PCR OI : 1.187 SMR : 15.49 (Bullish: As said yesterday, a new high for year and an all time highest monthly closing was seen today, but the November series OI is not super bullish, so longs need to cautious at higher levels...) marketpulse-snp.blogspot.in/p/oi-eod.html
Posted on: Thu, 31 Oct 2013 17:13:37 +0000
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