MTECHTIPS:- Nifty August Future

MTECHTIPS:- Nifty August Future: NIFTY FUTURE-CMP(9862.3) is currently in SLIGHTLY BEAR trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Aug series Nifty future shed 8.23 lakh position in Open Interest and this accounts to -3.39 % of Total Open Interest in Aug series.The Nifty Aug series is trading at 9.8 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 5.73 lakh position in open interest and this accounts to -2.15 % of Total Open Interest in all series and cumulatively trading in average premium of 42.12 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side but addition of call is slightly increasing at 9900 level The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 875.61 lakh position and Nifty call option has added 744 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 5264.14 crore in value and Nifty call option has shed Rs -6533.6 crore in value on cumulative basis.
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