Nifty Open Interest PCR rises to 1.71

The Nifty Open Interest PCR (put-call ratio) increased to 1.71. Nifty December 5100 Put added significant OI (open interest). Stock futures added 2 crore shares in OI.

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

The marketwide rollover completed at 65%, which was in line with average. The Nifty rollover completed at 64%, which was also in line with average.

The Nifty Open Interest PCR (put-call ratio) increased to 1.71. Nifty December 5100 Put added significant OI (open interest). Stock futures added 2 crore shares in OI.
 
Fresh long positions were seen in Orchid Chemicals and GAIL; their cost of carry (CoC) was also up. Orchid Chemical was up 7% and its futures Open Interest was up 17%. GAIL shot up 4% and its futures Open Interest was up 17%.

Fresh short positions were seen in MphasiS. The stock lost 4% and its futures Open Interest was up 19%.

Short covering was seen in Bajaj Hindusthan, which shot up 4.8%. Its futures Open Interest was down 9%.

HUL has seen massive rollover of 86%. The stock gained 1.55% and added 1.25 crore shares in the next month OI.

Potential VWAP stocks

GMR and DLF may see selling pressure while Reliance Capital may see buying pressure.