Friday, February 6, 2009

FOR FEB 6


--Nifty Feb. future discount decreased to 14 points thus cost of carry increased.
--Nifty open interest decreased by 12 lacs suggests short covering.
--Nifty call option added 14 lacs and put option added 24 lacs.
--Put-Call Ratio increased to 1.1.
--India VIX closed at 43.92, decreased by 2% suggests stability.
--US markets closed in green. Dow was up by more than 200 points from intraday low.
--Asian markets trading strong.
--Sgx nifty trading at 2820. (Up 47)
--Open interest gainers—SCI, Sesa goa, Akruti.
--Open interest losers—Dish TV, Dabur, Sun TV.

--Positional strategy for nifty—neutral.(short below 2763 and long above 2842)