Nifty April 2011 futures closed at 5,874.00, at a premium of 22.35 over spot closing of 5,851.65, while Nifty May 2011 futures were at 5,894.60 at a premium of 42.95 points over spot closing. The near month April 2011 derivatives contract expires on Thursday, April 28, 2011. Nifty April futures saw an addition of 6.29% or 1.52 million (mn) units, taking the total outstanding open interest (OI) to 25.84 mn units.
From the most active underlying, SBI's April 2011 futures closed at a premium of 12.90 points at 2808.50 compared with spot closing of 2795.60. The number of contracts traded was 32,837.
Infosys April 2011 futures were at a premium of 10.50 points at 2913.50 compared with spot closing of 2903.00. The number of contracts traded was 23,141.
Tata Motors April 2011 futures were at a discount of 4.85 points at 1245.15 compared with spot closing of 1250.00. The number of contracts traded was 21,332.
Tata Steel April 2011 futures were at a premium of 2.30 points at 628.80 compared with spot closing of 626.50. The number of contracts traded was 18,683.
TCS April 2011 futures were at a premium of 3.20 points at 1224.95 compared with spot closing of 1221.75. The number of contracts traded was 18,566. .
Nifty April 5900 call shed 5.69 lakh shares in OI; down 7.79% and 6000 call shed 4.30 lakh shares in OI, down 4.63%. On the put side nifty April 5800 put added 21.33 lakh shares in OI, up 43.39% and 5700 put added 7.97 lakh in OI, up 12.88%. The put-call ratio of stock option decreased from 0.36to 0.34 while put-call ratio of index option decreased from 0.94 to 0.93. On the whole the put call ratio was at 0.89.
The nifty future is likely to trade in the range of 5620-5930 level in short term as the OI is added. The trading strategy would be to create long positions if the nifty takes support around 5800 levels for the target of 5850 and 5900. On the other hand, one can also create short positions if the nifty resists around 5930 levels.
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1 comments:
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