MTECHTIPS:- NIFTY FUTURE- NIFTY FUTURE-CMP(11421.85) is currently in SIDEWAYS trend . Yesterday the trend was VERY STRONG BEAR In Jul series Nifty future shed 4.9 lakh position in Open Interest and this accounts to -3.24 % of Total Open Interest in Jul series.The Nifty Jul series is trading at 2.6 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 0.56 lakh position in open interest and this accounts to -0.28 % of Total Open Interest in all series and cumulatively trading in average premium of 47.65 Rs to Underlying. The open interest is also increasing with trend In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and ratio is still strong but addition of call is slightly increasing at 11400 level The Nifty call option is trading at discount so sentiment at higher level seems cautious The Nifty Put option is trading at premium so market is expecting bearishnes Yesterday Nifty Put option has added 467.96 lakh position and Nifty call option has added 447.77 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has shed Rs -10.47 crore in value and Nifty call option has added Rs 56.34 crore in value on cumulative basis WWW.MTECHTIPS.COM 07489294118
Published on Jul 22 2019 10:09AM, by MTECHTIPS in Nifty/Equity Tips| Share This