The Nifty futures open interest increased by 11.27% while Minifty futures open interest increased by 2.42% as market closed at 5048.60 levels.

The Nifty Jan. future closed at a Discount of 0.75 point against a Premium of 3.65 points. The February Series closed at a Premium of 28.95 points.

The Implied Volatility of at the money options is increased from 18.35% to 18.75%.

The PCR-OI has being increased from 1.50 to 1.60 points. The total OI of the market is Rs 1,37,903.10 crore and the stock futures OI are Rs 33,118 crore.

Few of the liquid counters where we have seen high rollovers are COREEDUTEC, MCLEODRUSS, ALOKTEXT, BHARATFORG and ITC.

FII’s were net buyers in cash market segment on; they were net buyers worth of Rs 820 crore on Friday. On Derivatives front they were net buyers in both index futures and index options.

On Options front 5000 and 5100 call options have seen good amount of unwinding in open interest, while in put option 5000 and 5100 strike price have seen descent buildup of open interest on Fridays trading session.

We have seen good amount of short positions getting buildup in the counter of AUROPHARMA in last one week. On Fridays trading session there was some long buildup seen in this counter. Hence we suggest going long on this counter with the target price of Rs 109 and stop loss at Rs 96.