NIFTY FUTURE-OPTION ANALYSIS
NIFTY FUTURE-CMP(5778.15) is currently in BEAR trend . Yesterday the trend was BEAR In Dec series Nifty future shed 10.02 lakh position in Open Interest and this accounts to -4 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 26.2 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 9.34 lakh position in open interest and this accounts to -3.64 % of Total Open Interest in all series and cumulatively trading in average premium of 45.92 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious
NIFTY FUTURE LEVEL-Nov/29/2010
| R3 | R2 | R1 | PIVOT | S1 | S2 | S3 |
| 5919.1 | 5855.17 | 5816.66 | 5790.62 | 5739.64 | 5701.13 | 5637.2 |
NIFTY OPTION ANALYSIS-NIFTY CALL-NIFTY PUT
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 but writing of call is slightly increasing at 5800 level The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 624.54 lakh position and Nifty call option has added 496.99 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 14.93 crore in value and Nifty call option has added Rs 54.39 crore in value on cumulative basis
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