The Nifty futures open interest increased by 3.25% while Minifty futures open interest increased by 2.48% as market closed at 4866 levels.

The Nifty Jan. future closed at a Premium of 12.20 point against a Premium of 20.95 points. The February Series closed at a Premium of 32.50 points.

The Implied Volatility of at the money options is decreased from 23.60% to 22.95%.

The PCR-OI has being increased from 1.23 to 1.26 points.

The total OI of the market is Rs 1,20,705.10 crore. and the stock futures OI are Rs 29,770 crore.

Stocks were cost of carry is positive are RUCHISOYA, INDIACEM, TTML, ABGSHIP and LITL.

FII’s were net buyers in cash market segment; they were net buyers worth of Rs 294 crore in Friday’s trading session. On Derivatives front they were net buyers in index futures indicating some long buildup by them and also they were net buyers in index options.

On the Options front, not much of buildup was visible in call options except deep-out-of the money call option of 5200 strike price where some buildup was visible and some unwinding was visible in 4900 strike price, while in put option 4700-4900 strike price have seen good amount of buildup in open interest.

Despite recent bounce back in the counter of MARUTI we have not seen good amount of long buildup happening at higher levels. On Friday’s trading session we have seen some amount of short positions getting buildup in this counter. Hence we recommend going short on this counter with the target price of Rs 935 and stop loss at Rs 1,010.