newsdog Facebook

Markets regain its lost momentum

IIFL 2017-12-07 15:53:00
In today’s trade, markets regained the lost momentum and closed at day high levels. Mid-cap stocks were among the outperformers with GAIL hitting fresh lifetime high, gaining ~8% in the trade.

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)