NIFTY FUTURE-CMP(8674.4) is currently in BEAR trend . Yesterday the trend was VERY STRONG BEAR In Mar series Nifty future shed 3.18 lakh position in Open Interest and this accounts to -1.29 % of Total Open Interest in Mar series.The Nifty Mar series is trading at 26.65 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 2.03 lakh position in open interest and this accounts to -0.76 % of Total Open Interest in all series and cumulatively trading in average premium of 87.93 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move
At current price strike the activity is tilted to put side and ratio is still strong but addition of call is slightly increasing at 8600 level The Nifty Call and Put option is trading at premium so market is expecting up above 8600 or down below 8500 Yesterday Nifty Put option has added 570.4 lakh position and Nifty call option has added 610.04 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 163.5 crore in value and Nifty call option has added Rs 196.5 crore in value on cumulative basis….