F&O cues for the market
Nifty is trading at 9063 levels, up by 33 points. Sensex is trading at 29262 levels, up by 100 points. There are 1141 advances, 435 declines and 347 unchanged stocks on the NSE, reflective of a strong positive undertone floating in the market.
Following are the F&O cues for the market on Thursday:
Nifty options (March series) at a glance:
Nifty March 9350 CE and 9000 PE witnessed maximum addition in their Open Interest. The maximum Open Interest was seen at the strike prices of 9200 CE and 8800 PE.
The Open Interest at 9200 strike price for call options stands at 63,91,725; while the Open Interest at 9000 strike price for put options stands at 57,05,100.
Nifty March 9200 CE is trading at Rs 15.1 per share, up by Rs 1.9 per share or 14.5%; while Nifty March 9000 PE is trading at Rs 25.1 per share, down by Rs 15.15 per share or 37.64%.
Nifty futures (March series) at a glance:
Nifty futures of March series is trading at 9084 levels, at a premium of 21 on Thursday. It closed at a premium of 20, in Wednesday’s trading session.
The level of 8980-9000 is an important level to watch out for. Whereas, on the upside, Nifty50 needs to cross and hold above the level of 9075 to continue its upward movement.