Today "s" tips

F&O MARKET – SHORT VIEW

In the Index futures segment, Nifty February contract settled at a
discount of 13.30 points against spot market. The contract price
dropped 2.26 percent coupled with open interest declined by 10.96
percent. The cost of carry was negative. This indicates shorts build up
in the contract.
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Index futures saw a trading volume of Rs.12693.45 crores arising out of
993145 contracts and Index options saw 1421380 contracts getting
traded at a notional value of Rs.19676.03 crores. The total turnover of
the Futures & Options segment of the Exchange was around
Rs.43149.65 crores.
•
On the options front, Feb contract, call buying was seen at 2700 & 2900.
On the downside, put writing was seen at 2600 strike prices indicating
NIFTY has strong support at 2600 levels.
•
The Nifty FEB put-call ratio declined to 0.90 from 1.02 indicating that
market may remain trade lower side.
•
Out of 255 securities, futures and options on 249 & 112 underlying
securities got traded.
•
RELIANCE & ICICIBANK was the most active futures & option
contracts on individual securities traded.