Key Points
Feroze Azeez, Deputy CEO, Anand Rathi Wealth, says next Thursdays synthetic futures is quoting at Rs 80 premium, which is very unusual..
The next week synthetic premium is quoting at Rs 82, Rs 160 where the intrinsic value is only practically Rs 40, This implies that the market's nerves have calmed and the bulls are back in action..
The government wanting to calm down the nerves of the market makes sense because the kind of fall we have seen this month in the smallcap index is largely because of the fear in terms of the froth in the market..
If you look at the premiums and the synthetics of futures of this week, which narrates the bullishness in the four-five-day, seven-day period, the premiums are the highest..
The next week synthetic premium is quoting at Rs 82, Rs 160 where the intrinsic value is only practically Rs 40..
