NIFTY FUTURE-OPTION ANALYSIS 25 Nov

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NIFTY FUTURE-OPTION is currently in BEAR trend . Yesterday the trend was STRONG BEAR In Nov series Nifty future shed 29.17 lakh position in Open Interest and this accounts to -24 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 7.5 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 20.22 lakh position in open interest and this accounts to 6.21 % of Total Open Interest in all series and cumulatively trading in average premium of 24.15 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move..

NIFTY FUTURE LEVEL-Nov/25/2010
R3 R2 R1 PIVOT S1 S2 S3
6026.65 5957.07 5915.16 5898.55 5831.34 5789.43 5719.85

NIFTY OPTION ANALYSIS-NIFTY CALL-NIFTY PUT
At current price strike the activity is tilted to put side and writing of put is increasing The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 833.2 lakh position and Nifty call option has added 861.05 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has shed Rs -10.74 crore in value and Nifty call option has added Rs 21.87 crore in value on cumulative basis.