Nifty- India's benchmark financial markets index is bracing for another fall after making a positive turnaround post budget correction. But what are the rationale behind the same, let us find out:
1) On 13th March, 2013, FIIs bought Index options worth 4000 Crores. Where this buying has arrived, let us find out in FNO Bhavcopy data released by NSE that evening.
2) Given below is the breakup of FIIs Derivative Trading:
3) While looking closer to some Nifty Put Options strikes (5500, 5600, 5700, 5800 and 5900), it is observed that considerable amount of new positions have been added and premium values were up from 11% to 63% for various strikes.
4) Even today at around 2:00 PM, we again picked out data for these strikes and found that the Open Interest is continued to be added and premium value too is getting increased.
5) The charts for few strikes too show the way open interests have been added. Sell below:
5500 Put Options Chart
Nifty Options 5600 Put Strike
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