Tuesday, February 3, 2009

FOR FEB 3

--nifty feb future discount increased to 31 points thus cost of carry decreased.
--nifty open interest decreased by 13 lacs suggests long unwinding.
--nifty call option added 44 lacs and put option shed 12 lacs.
--put-call ratio decreased to 0.99.
--India VIX closed at 43.69, increased by 4% suggests uncertainity.
--US markets closed sideways but dow breaks the low of January and closed below 8000 after long time.
--Asian markets trading in green.
--Sgx nifty trading at 2769. (up 31)
--open interest gainers—educomp, bank of India, axis bank, united spirit.
--open interest losers—jp asso., biocon, gvk power.

--positional strategy for nifty—neutral.