Nifty Futures at 50 pts discount vs 37 pts discount

CNBC-TV18, Research Analyst, Varinder Bansal :

FIIs net bought Rs 866.5 crore in F&O. Net bought Rs 634.4 crore in Nifty futures with OI down by 14144 contracts. NSE F&O Open Interest was up by Rs 714 crore at Rs 67,543 crore. Stock futures shed 84.5 lakh shares in Open Interest (saw build up of 2.3 cr a day ago). Nifty Futures was at 50 pts discount versus 37 points discount a day ago.

Reliance Industries saw fresh shorts. The stock was down 3.3% with futures OI up by 4.5%. Unwinding of long positions seen. 2190 Call added 1.6 lakh shares in OI with premium at 34. The delivery % at 38% versus 30% a day ago.

RNRL unwinding was seen. The stock down 3.5% with futures OI down by 8.2%. OI build of 13% seen on Friday. Delivery % at 15% versus 9% a day ago.

Nagarjuna Construction was short covering. Stock was up 8% with futures OI down by 21%. OI build of 38% seen on Friday. Delivery % at 63% versus 50% a day ago.

Indusind Bank was down 3.5% with Futures OI up by 31.6%. Delivery % at 44% versus 55% a day ago.

Hero Honda was up 4.8% with Futures OI up by 10%. Reverse arbitrage opportunity of 2.5% post DPS of Rs 19. Futures was trading at 37 pts disc; DPS of Rs 19.

FIIs in FNO

• FIIs net buy Rs 866.5 cr in F&O
• Net buy Rs 634.4 cr in Nifty futures; OI down by 14144 contracts

Total FNO

• NSE F&O Open Int up by Rs 714 cr at Rs 67,543 cr
• Stock futures shed 84.5 lakh shares in Open Interest ((saw build up of 2.3 cr a day ago))
• Nifty Futures at 50 pts discount Vs 37 pts discount a day ago

Option Activity

• Nifty Open Int PCR at 1.19 Vs 1.09
• Nifty Puts add 15.5 lakh, Nifty Call shed 9.3 lakh shares in OI
• Nifty 4000 Put add 13.5 lakh shares in OI (+50% BUILDUP)

Reliance Industries ((Fresh shorts))

• Stock down 3.3%; Futures OI up by 4.5%
• Unwinding of long positions seen
• 2190 Call add 1.6 lakh shares in OI, Premium at 34 Del % at 38% Vs 30% a day ago

RNRL ((Unwinding))

• Stock down 3.5%; Futures OI down by 8.2%
• OI build of 13% seen on Friday
• Del % at 15% Vs 9% a day ago

Nagarjuna Construction ((Short Covering))

• Stock up 8%; Futures OI down by 21%
• OI build of 38% seen on Friday
• Del % at 63% Vs 50% a day ago

Indusind Bank

• Stock down 3.5%; Futures OI up by 31.6%
• Del % at 44% Vs 55% a day ago

Hero Honda

• Stock up 4.8%; Futures OI up by 10%
• Reverse arbitrage opportunity of 2.5% post DPS of Rs 19
• Futures trading at 37 pts disc; DPS of Rs 19