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Our Bureau

Chennai, Jan. 14 The premium of Nifty January future with respect to the spot close widened further to 17.95 points against about 3.5 points on Friday. The Nifty future also saw addition of about two per cent in open interest position. Trading volumes, however, remained low at Rs 53,245 crore – in fact the lowest since January 1.

Among the Nifty options, 6300-call and 6000-put were active. This indicates while the Nifty faces resistance at 6300 level, it faces support at 6000 level.

RNRL was the most active among individual stock futures. Other active counters include Reliance Industries, Reliance Energy, NTPC, Reliance Capital, SBI, Jindal Steeland ICICI Bank.

Contracts on Jindal Steel, RNRL, JP Associates and Reliance Industries saw sharp surge in value. RNRL January future shed over six per cent in open interest positions, though it gained about six per cent. Jindal Steel Jan Future gained 7 per cent and added about 4.35 per cent in open interest positions. Among the stock options, Reliance 3000 put was the most active indicating negative bias, as it had a sharp run-up in recent times.

Overseas investors remained net sellers to the tune of Rs 462.89 crore in F&O segment. They sold Rs 776.64-crore worth index futures and were buyers to the tune of Rs 327.01 crore on index options. However, they remained neutral in stock futures.

The NSE has imposed trading ban on 14 contracts – Adlabs Films, Arvind Mills, Bindal Agro, Essar Oil, GMR Infrastructure, IFCI, Ispat Industries, IVR Prime, JP Hydro, Nagarjuna Fertilisers, Parsvanath Developers, RNRL, Reliance Petroleum and SRF – as open interest positions have crossed the 95 per cent of the market-wide position limit.

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