• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Dec. 3 Trading volume remained moderate at Rs 33,606 crore on Wednesday. The NSE December future closed in discount at 2647 against the spot Nifty close of 2656.45, in a listless trading day.

Among the options, the Nifty 2800, 2700 calls and 2500 and 2600 put were the most active. The un-matched bid/ask order book on the NSE suggests the emergence of put writers in 2600 put. This means, the Nifty might find it difficult to go below 2600 level. However, 2500 put saw genuine accumulation, indicating if the Nifty dips below 2600, then the fall could be steep.

Similarly the 2800 call saw the emergence of writing activity, indicating that Nifty might face strong resistance at that level.

The NSE Volatility index or India VIX remained flat at 54.66 against the previous day’s close of 54.3. The index, which measures the expected immediate volatility of the market, has been consistently above the 50 point mark over one month. This shows that Nifty might continue to witness volatile trading for quite sometime.

SBI was the most active counter followed by Reliance Industries and Bharti Airtel. Tata Steel, SBI and DLF stole the limelight in today’s trade.

Tata Steel and DLF added long positions in today’s trade. The Tata Steel December future closed at 163 against the spot close and added 21.94 lakh shares.

The DLF future closed at Rs 193.6 against the spot close Rs 191.95 and added about 6.7 lakh shares.

On the other hand, banking counters such as ICICI Bank and HDFC Bank saw accumulation of short positions. SBI also witnessed accumulation of short positions, particularly during the closing hours.

Infosys Dec future closed at 1153 against the spot close of 1156.55. It added about 1.47 lakh shares in open interest, most of which were on the short side.

Foreign institutional investors’ were net buyers in the F&O segment on the NSE to the tune of Rs 145.33 crore on Wednesday. They were net buyers in index and stock futures though they offloaded index options.

More Stories on : Derivatives Markets | On the hedge

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line