Overall puts have added 31.3 lakh shares to open interest while open interest in calls have increased by 42.2 lakh share keeping the put-call-ratio(PCR) unchanged at 0.78.
Addition of bullish bets were also visible on the futures side as well; the Nifty November future saw addition of 1.2 lakh shares to open interest, while premium in the future increased to 26.55 points from 25.35 points earlier.
Overall, puts added 13.1 lakh shares to open interest, while puts added 5.4 lakh shares to open interest pushing the put-call-ratio (PCR) to 1.06 from 1.05 earlier. A PCR of more than 1 suggests bullish outlook for the market.
Overall puts have added 22 lakh shares to open interest while calls have added 14.6 lakh shares to open interest pushing the put-call-ratio (PCR) to 1.02 from 1 earlier.
On the other hand Nifty futures have added open interest by 7.7 lakh shares and the premium in Nifty future fell to 7.5 points from 13.5 points earlier. The reduction of 6 point in future premium however suggests that the open interest addition might have been on the short side.
Open interest (outstanding position) in the 8,100 strike Nifty put which was at 45.8 lakh shares fell to 38.2 lakh shares and was shifted to puts of lower strike such as 7,900 and 8,000, which indicates that traders expect 8,100 to be taken out in the near term.
Among Nifty Puts, open interest continues to be high in 8,000 and 8,100 strike puts indicating support for Nifty around 8,100 levels. However, open interest reduction in in-the-money(options having positive intrinsic value) 8,200 and 8,300 puts by 13 per cent and 11 per cent respectively indicates that traders expect Nifty to remain in 8,100-8,200 range in the near future.
The 8,200 and 8,300 strike October Nifty calls have added open interest of 8.3 and 6.1 lakh shares respectively to 51 and 53.7 lakh shares, making 8,200-8,300 level a crucial resistance for the Nifty on the upside.
India VIX or the volatility index fell 2 per cent to 19.235. In last two trading sessions the volatility index has fallen by nearly 11 per cent, which implies traders expectation of a range bound market in the near future.
The October Nifty future added 3.5 lakh shares to open interest(outstanding positions) and the premium increased to 32.55 points against 29.8 points earlier, clearly suggesting addition of bullish bets in the Nifty futures.
The put-call-ratio (PCR) fell to 0.9 from 0.93 earlier. PCR is a sentiment indicator for the market. A PCR of more than 1 is considered as a bullish sign. The India VIX or the volatility index ended 3.76 per cent higher at 21.6675 indicating higher anticipated volatility in the near future.
The market wide rollovers on September expiry day stood at 74 per cent compared to the last three months average of 76 per cent. Rollover in Nifty futures alone were 60 per cent compared to last three months average of 64 per cent.
Overall Nifty puts added 8.4 lakh shares to open interest while calls added 45.9 lakh shares pushing the put-call-ratio (PCR) lower to 0.95 against 0.99 earlier. PCR indicates overall sentiment of the market. A PCR of more than 1 represents bullish sentiments.
Total open interest in options fell by 5.6 lakh shares whereas calls added 7.3 lakh shares to open interest pushing the Nifty put-call-ratio (PCR) to 0.93 from 0.94 earlier.
Overall Nifty puts have added 22.2 lakh shares to open interest compared to 12.2 lakh shares in calls pushing the put-call-ratio to 0.94 against 0.93 earlier.
The Sensex and Nifty ended lower on Thursday tracking the fall in rupee. The Sensex fell 324 points to close at 27,608, while the 50-shares Nifty ended below the crucial psychological level of 8,400.
Currency derivatives are available on four currency pairs: US dollar, euro, British pound and Japanese yen.
52 per cent of open positions in BPCL have been rolled over to April series. Open interest in March series was 2.1 million which is 1.4 times average daily volume in cash market. Such a high open interest with an increase in under lying price is positive for the counter.
However, an analysis of 6,600 and 6,500 strike options of Nifty indicates a close between 6,500 - 6,600 on expiry day due on Thursday. For the March series, 6,600 call option OI is 61.17 lakh, while OI in put option is 47.80 lakh.
The exchange has received approval of the Securities and Exchange Board of India (Sebi), the market regulator, to introduce IRFs.