NIFTY FUTURE-OPTION ANALYSIS
NIFTY FUTURE-CMP(5966.8) is currently in BULL trend . Yesterday the trend was VERY STRONG BULL In Dec series Nifty future shed 7.76 lakh position in Open Interest and this accounts to -3.2914971776 % of Total Open Interest in Dec series.The Nifty Dec series is trading at 18.05 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 6.19 lakh position in open interest and this accounts to -2.36 % of Total Open Interest in all series and cumulatively trading in average premium of 42.18 Rs to Underlying. The open interest is also not increasing with trend so be careful
NIFTY FUTURE LEVEL-Dec/17/2010
| R3 | R2 | R1 | PIVOT | S1 | S2 | S3 |
| 6085.51 | 6031.67 | 5999.24 | 5936.55 | 5934.36 | 5901.93 | 5848.09 |
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 Call and Put option is trading at discount so market is expecting rangebound between 6000 and 5900 Yesterday Nifty Put option has added 801.65 lakh position and Nifty call option has added 637.97 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 24.24 crore in value and Nifty call option has shed Rs -5.37 crore in value on cumulative basis
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