Markets regain its lost momentum
IIFL 2017-12-07 15:53:00
Telecom and Realty stocks witnessed fresh buying, while TCS & Coal India were among the underperformers. Market breadth favoured advances with ADV/DEC ratio closing at 3:1x.
Nifty closed above the 10150 mark, gaining 1.3%, while Bank Nifty closed above the 25000 mark, gaining 0.83%. Nifty and Bank Nifty Index future added fresh open interest to the tune of ~3.6/1.7 lakh shares. Tracking the options front, across the board unwinding of short positions was witnessed in Nifty call options strikes with 10200CE shedding the most, ~6.7 lakh shares in open interest.
Nifty at the money and out the money put options added fresh short build-up, with 10000PE, a whopping ~86 lakh shares in total open interest, consisting of mainly short positions. India VIX Index snapped 5 day winning streak, losing ~5% to end at 14.27.
|Nifty:||+122 points @ 10166|
|Bank Nifty:||+205 points @ 25057|
|Top 2 F&O Gainer:||GAIL, BHARTI AIRTEL|
|Top 2 F&O Loser:||JUBLFOOD, IRB INFRA|
|Most Active Index Option Contract:|
|Call Option:||10200CE, O.I: ↓ ~6.7 lakh shares|
|Put Option:||10000PE, O.I: ↑~ 6 lakh shares|
|Nifty Max O.I Strikes:||10500CE, 10000PE|
|Bank Nifty Max O.I Strikes:||25500CE, 24500PE (14TH Dec 2017 Expiry)|