WWIL adds 50 lakh shares in open interest

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The turnover was muted and important thing is that in the last half an hour we saw that Call started shredding open interest and we also saw that the PCR (Put Call Ratio) also started coming down. On the Nifty front the rollover is very low today, yesterday it was around Rs 10,000-13,000 crore but today its only Rs 8,800 crore.

At one point of time intra-day came to around 10-15 points again in the last half an hour it went to around 22 points. We saw addition of nearly 17 lakh shares happening in the open interest and we are just at the equilibrium level of 2,800 in the spot market of course 2,700-2,900 has been the range which is going around.

Until yesterday we were seeing 2,900 was adding open interest but today 2,700 Calls of course was shedding open interest but also 2,900 Call has started shedding open interest, till mid of the day we were seeing that there was some addition happening in. But after the shredding of open interest some of the F&O people believed that 2,700 to 2,900 was the range which most of the market people were expecting. We could see that some kind of down turn happening in the market in a day or two.

It was all action in the stocks which were anywhere priced between Rs 10-30. Stocks like WWIL, Dish TV, Firstsource, Ispat, Oswal Chemicals all these stocks were buzzing.

Around 50 lakh shares have been build-up in WWIL; more than 100%. At 15 Call and 20 Call it was very active in the same stock. We haven’t seen WWIL being very active in the futures side but today was the day when this stock was the most active stock which was seen in the option segment as well.

Dish TV which was rallying along with this stock, the stock saw huge open interest build-up nearly 100%.

Firstsource, the counter which is in the range of Rs 10-20 saw huge build-up happening.

DLF stood very well; the stock was down nearly 4% today but it bounced back intra-day ended up nearly 5%, the discount which was hovering around 11-12 points during the day, it came down to around 5-6 points again turning down to around 10 points. But important thing is that after touching the low of around Rs 128 it has bounced back to Rs 130.

Ispat and Oswal were on the line of stocks which has been buzzing today. Ispat where we saw build-up of 6 lakh happening and the stock was up nearly 10% and Oswal Chemicals is one of the stock which never comes into the futures space or comes in the action in the futures space was up buzzing hard was up over 10% with a build-up of nearly 5 lakh shares in open interest.

So net-net in the F&O we have all the buzzers which were in the space of around anywhere between Rs 10-20.