Nifty tumbles, RCom becomes a single digit stock
In today’s trade, markets witnessed heavy selling pressure as all the major indices closed in the red.
Nifty ends at 1-month low with market breadth in favor of declines as ADV/DEC ratio ends at 1:4x.
Nifty and Bank Nifty index closed 0.67%/0.24% lower with its future contracts adding fresh open interest to the tune of ~9.18 lakh/~1.1 lakh shares respectively, consisting of mainly short positions.
Tracking the options front, Nifty 10200,10300 &10500 call options strike saw the massive addition of short positions with an increase of ~18.98, 6.98 and 5.4 lakh share in open interest, while massive short covering to the tune of ~9.27 lakh share was witnessed in 10300 put option strike, making 10300 mark as the new ceiling level for the index.
-69 points @ 10118Bank Nifty:
-66 points @ 25219Top 2 F&O Gainer:
BIOCON, NCCTop 2 F&O Loser:
RELIANCE COMMUNICATION, RELIANCE CAPITALMost Active Index Option Contract:Call Option:
10200CE, O.I: Increase ~18.98 Lakh sharesPut Option:
10300PE, O.I: Decrease~ 9.27 Lakh sharesNifty Max O.I Strikes:
10500CE, 10200PEBank Nifty Max O.I Strikes:
26000CE, 25000PE (16 Nov 2017 Expiry)
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Via:: Stock – India Infoline