What does it mean?
Here's some mkt data for 5th Dec 06 :-
Nifty Futures add 6.3 lakh shares in Open Interest
Nifty Futures premium down to 4 points
What does it mean?
My interpretations :-
More short position build up (since open interests have risen while premium is down)
Will be confirmed by Options data i.e. rise in Put options (open int) with a corresponding rise in PC ratio.
Now here is the Options data :-
Nifty Calls add 6.8 lakh shares in Open Interest; Puts add 11.7 lakh shares
Nifty Open Interest Put-Call ratio up to 1.59 from 1.58
Conclusion : Near term outlook bearish
Thanks,
Kalyan.
Here's some mkt data for 5th Dec 06 :-
Nifty Futures add 6.3 lakh shares in Open Interest
Nifty Futures premium down to 4 points
What does it mean?
My interpretations :-
More short position build up (since open interests have risen while premium is down)
Will be confirmed by Options data i.e. rise in Put options (open int) with a corresponding rise in PC ratio.
Now here is the Options data :-
Nifty Calls add 6.8 lakh shares in Open Interest; Puts add 11.7 lakh shares
Nifty Open Interest Put-Call ratio up to 1.59 from 1.58
Conclusion : Near term outlook bearish
Thanks,
Kalyan.