Nifty Open Interest PCR up at 1.45 vs 1.40

The Nifty Open Interest PCR (put-call ratio) was up at 1.45 versus 1.40. Nifty 5200 Put added 6 lakh shares in Open Interest and Stock futures added 3.3 crore shares in Open Interest.

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

FIIs net bought Rs 976 crore in Nifty futures, which ended with 10 points premium versus 3 points discount.

The Nifty Open Interest PCR (put-call ratio) was up at 1.45 versus 1.40. Nifty 5200 Put added 6 lakh shares in Open Interest and Stock futures added 3.3 crore shares in Open Interest.

Tata Motors traded at 22-month highs. The stock was up 6% and its ADRs gained 11%. Its CoC (cost of carry) was also up and futures' Open Interest was up 12%.

Fresh long positions were seen in Unitech, Noida Toll and Kingfisher Airlines; their CoC was also up. Unitech gained 12% and its futures Open Interest was up 14%.

Noida Toll shot up 12% and its Futures Open Interest was up 29%. Kingfisher went up 7% and its futures Open Interest was up 16%.

Great Offshore gained 0.3% and its futures Open Interest was up 14%. Accumulation of long positions was seen in the stock.