Nifty Open Interest PCR jumps to 1.42 vs 1.26

The Nifty Open Interest PCR (put-call ratio) jumped to 1.42 versus 1.26. Nifty 4800 Put added 19 lakh shares in Open Interest and Nifty 4900 Put added 14 lakh shares in Open Interest while Nifty 4900 Call shed 8 lakh shares in Open Interest.

By Anuj Singhal, Head-Markets Research at CNBC-TV18

FIIs were net buyers to the tune of Rs 627 crore in Nifty futures, which ended with 5 points premium versus 6 points discount.

The Nifty Open Interest PCR (put-call ratio) jumped to 1.42 versus 1.26. Nifty 4800 Put added 19 lakh shares in Open Interest and Nifty 4900 Put added 14 lakh shares in Open Interest while Nifty 4900 Call shed 8 lakh shares in Open Interest. Stock futures added 2 crore shares in Open Interest.

Fresh long positions were seen in Tech Mahindra, LIC Housing Finance, Andhra Bank and Indian HOtesl; their cost of carry was also up. Tech Mahindra gained 10% and its futures Open Interest was up 109%.

LIC Housing Finance shot up 10% and its futures Open Interest was up 76%. Andhra Bank gained 4.6% and its futures Open Interest was up 72%. Indian Hotels rose 3.2% and its futures Open Interest was up 29%.

Short covering was seen in SAIL, which surged 5% and its futures Open Interest was down 18%.