Nifty Open Interest PCR rises to 1.40 vs 1.33

The Nifty Open Interest PCR (put-call ratio) was up from 1.33 to 1.40. Nifty implied volatility fell to 23-26% from 26-30%. Nifty 4900 Put added 11 lakh shares in Open Interest.

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

FIIs net bought Rs 665 crore in Nifty futures, which closed with 3 points discount versus 5 points premium. The Nifty Open Interest PCR (put-call ratio) was up from 1.33 to 1.40.

Nifty implied volatility fell to 23-26% from 26-30%. Nifty 4900 Put added 11 lakh shares in Open Interest.

Fresh long positions were seen in SAIL, Jindal Saw and REC; their cost of carry (CoC0 was also up. SAIL gained 3% and its futures Open Interest was up 22%.

Jindal Saw shot up 6.3% and its futures Open Interest was up 13%. REC rose 4% and its futures Open Interest was up 32%.

Fresh short positions were seen in Dabur India, which fell 3%. Its futures Open Interest was up 32%.

Suzlon Energy rose 6.4% and its CoC slid. Its futures Open Interest was down 4.5%.