Cash Turnover for Nifty stocks = 9147 Crores
Futures turnover for Nifty stocks = More than 26000 crores
Calls and Puts at money = Trading below their fair values
Calls out of money = trading at discounted value to their fair value
Puts out of money = trading at premium to their fair valuation
Deep in the money calls = trading at fair valuation
Deep in the money puts = trading at discounted value.
Implication of above : Turnovers were higher than average and this will be counted as sell off as most of the turnover occurred at the fag end of the day. and the global market is witnessing a sell off too.
Options chain is indicating a Nifty spot target of 6350. As it seems that these market movers are buying deep calls and shorting at money and out of money calls, simultaneously buying deep puts and shorting out money puts. parity or equilibrium is at 6350 level. We now wait and see where the market will actually head to.