NIFTY FUTURE-OPTION ANALYSIS
NIFTY FUTURE-CMP(6037.2) is currently in SLIGHTLY BULL trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Dec series Nifty future shed 10.64 lakh position in Open Interest and this accounts to -4.98342681111 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 25.6 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 0.92 lakh position in open interest and this accounts to -0.32 % of Total Open Interest in all series and cumulatively trading in average premium of 51.5 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
NIFTY FUTURE LEVEL-Dec/27/2010
| R3 | R2 | R1 | PIVOT | S1 | S2 | S3 |
| 6113.8 | 6079.06 | 6058.13 | 6015 | 6016.27 | 5995.34 | 5960.6 |
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 call side and writing of call is increasing The Nifty Put option is trading at discount so sentiment at lower level seems cautious The Nifty Call option is trading at premium so market is expecting bullishness Yesterday Nifty Put option has added 915.41 lakh position and Nifty call option has added 650.76 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 25.14 crore in value and Nifty call option has shed Rs -19.08 crore in value on cumulative basis
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