DERIVATIVE CUES----
• Nifty November future premium converted in to discount of 4.5 points so cost of carry decreased. (Bearish)
• Nifty open interest decreased by 13 lacs suggests long unwinding. (Total OI now at 2.80 cr)
• Nifty calls added 28 lacs and puts shed 0.5 lacs in open interest. (Bearish)
• Nifty open interest put-call ratio is at 1.34.
• 4700 puts had open interest of 57 lacs (+1%) and 4900 calls had open interest of 45 lacs (+36%), so 4700 and 4900 will be important levels to watch for.
• India VIX closed at 30.06, increased by 4% suggests instability. (Bearish)
• In Nifty stocks, advance-decline ratio is 14/35. (Bearish)
