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Our Bureau

Chennai, June 23 Trading volumes jumped to Rs 66,917 crore in the F&O segment on Monday against Friday’s figure of Rs 58,533 crore. While Nifty June future ended in premium at 4275.20 with respect to the spot close of 4266.4, the Nifty July future ended in discount at 4257. The discount of July future was, however, steep at 33 points on Friday. The squaring off short positions during the intraday seemed to have reduced the discount.

The rollover of open interest positions for Nifty contracts remained weak at 27 per cent, which is significantly lower when compared with recent times.

Among the July options, Nifty 4100 put was the most active. The Nifty July 4200 and 4300 strikes also witnessed hectic trading. On the call side, Nifty July 4300 and 4500 strikes remained the most active. This indicates that Nifty might faces strong resistance at 4500 level.

India VIX or NSE volatility index, after touching an intra-day high of 48.2 points, closed the day at 31.12 against Friday’s close of 28.189 points. The rise in volatility index indicates lot of trading activity on the put side that is generally considered to be negative.

Reliance Industries was the most active contracts among individual contracts, followed by Reliance Petroleum, Reliance Capital, Tata Steel, Larsen & Toubro and Shree Renuka Sugars.

Among them, Reliance Capital saw sharp accumulation in open interest in June series. The Reliance Capital June future closed with a fall of 8.5 per cent at Rs 932.10 but in premium with the spot close of Rs 928.3. It added 4.25 lakh shares in open interest, which is quite surprising considering that June contracts are expiring on Thursday.

Foreign institutional investors remained net sellers to the tune of Rs 1,245.20 crore in the F&O segment on Monday.

Though they were net sellers of Rs 1,429.1 crore in index futures, FIIs were net buyers in index options (Rs 17.74 crore) and stock futures (Rs 160.87 crore).

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