Nifty 5400 Call adds 4.92 lakh shares in OI

By Varinder Bansal, Research Analyst at CNBC-TV18

FIIs have net buyers of Rs 332 cr in Index Futures; Index Futures OI was up by 4239 contracts. Total Stock Futures OI added 2.21 cr shares in OI.

Nifty 5400 Call added 4.92 lakh shares in OI, Nifty June 5300 Call added 1.83 lakh shares in OI and Nifty 5300 Put added 4.28 lakh shares in OI.

Short covering was seen in L&T and RIL.

L&T rose 6.1%; OI was down 17%. Its Del vol was up at 20.5 lakh Vs 5.4 lakh.

RIL added 2%; OI was down 10%. Its Del vol was down at 26.2 lakh Vs 34.5 lakh.

Long buildup & cash buying was seen in Ashok Leyland. It gained 3.7%; OI was up 16%. Its Del vol was at 40.7 lakh Vs 13.2 lakh.

However, Short covering & speculative buying was seen in Pantaloon. The stock was up 6.2%; OI was down 8%. Its del vol was at 1.3 lakh Vs 40,000.

Fresh shorts & cash based selling was seen in Voltas and Unitech.

Voltas was down 5.3%; OI was up 18%. Its Del vol was at 7.6 lakh (60%) versus 2.4 lakh (58%).

United slipped 4.5%; OI was down 10%. Its Del vol was at 30.5 lakh Vs 14.2 lakh.