ICICIdirect's Derivative Report:
Call option writers kept the Nifty
move in check throughout the day. On the back of selling clearly visible in a few heavyweights, the index ended 32 points lower. Nifty futures premium settled at 19 point. India VIX fell 1 percent to 16.7.
FIIs sold Rs 403 crore while DIIs bought Rs 238 crore in the cash segment. FIIs bought Rs 708 crore in index futures and Rs 725 crore in index options. In stock futures, they bought Rs 304 crore.
The highest Put base is at the 8000 strike with 78 lakh shares while the highest Call base is at the 8300 strike with 51 lakh shares. The 8300 and 8500 Call strikes saw additions of 8.2 and 1.2 lakh shares, respectively, while the 8200 and 8100 Put strikes saw additions of 4.4 and 5.0 lakh shares, respectively.Nifty Future
: The Nifty is likely to open gap down on the back of weak global cues. Sell Nifty in the range of 8205-8215 for targets of 8150, stop loss: 8235.Bank Nifty Future
: The index again slipped below 18500 on the weekly contract expiry day. Looking at the options data, we feel the index is likely to trade in a broader range before taking a direction. Sell Bank Nifty in the range of 18640-18690, targets: 18500-18400, stop loss: 18770.Disclaimer
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