Wednesday, June 2, 2010

2nd June - pre market update


Options data:

5200CE: 54L OI up 4%

5100CE: 58L OI up 8%
5100PE: 20L OI down 2.5%


5000CE: 40L OI up 28%
5000PE: 48L OI up 1.7% ==> this is still not completely ruled out level unless lost more calls are written today & puts covered


4900CE: 25L OI up 9%
4900PE: 54L OI up 5% ==> Support here for now. So market slips too much below 4800, short covering can be expected.


4800PE: 58L OI up 1.5%

Another interesting observation was that 4300PEs added 10L shares in OI and 4400PEs added 9L shares in OI. Somebody buying protection there?

World markets:
S&P500 fell 1.7% after being close to green line for sometime, European markets staged a strong comeback from down 2.5% to close flat but they are trading 1% down right now.

FII data:
Index Futures: 902Cr SELL
Index Options: 2500Cr BUY
Stock Futures: 5Cr BUY

This month FIIs are short in index futures by 740Cr and long stock futures by 1100Cr.

Nifty has multiple supports between 4960 to 4900. If all are breached then we are headed to much below levels anyway.




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