Closing Commentary: Nifty likely to remain range-bound

India Infoline News Service | Mumbai | October 05, 2017 15:48 IST

Nifty 10000CE & 9800PE continue to remain the maximum open interest strikes and both the strikes have added fresh open interest to the tune of ~4.76 lakh/~2.09 lakh shares, mainly the short positions, indicating a range-bound activity for the Index.

Stock Market Uncertainty
In today’s trade, markets witnessed a marginal dip and traded with a negative bias throughout the day.

Nifty and Bank Nifty futures contract added fresh open interest to the tune of ~12.16 lakh/~2.3 lakh shares respectively. Since the start of October expiry Nifty futures has added ~35 lakh shares in open interest i.e an increase of ~17%, while the underline price has moved up by 1.02.

Tracking the options front, Nifty 10000CE & 9800PE continue to remain the maximum open interest strikes and both the strikes have added fresh open interest to the tune of ~4.76 lakh/~2.09 lakh shares, mainly the short positions, indicating a range-bound activity for the index. India vix index closed ~1% lower.
 
Nifty: -26 points @ 9888
Bank Nifty:  -55 points @ 24058
Top 2 F&O Gainer: INDO COUNT INDUSTRIES, JUST DIAL.
Top 2 F&O Loser: ICICI PRUDENTIAL, TECH MAHINDRA.
Most Active Index Option Contract:
Call Option:  10000CE, O.I: ↑~4.7 Lakh shares
Put Option: 9900PE, O.I:  ↑ ~2 lakh shares
Nifty Max O.I Strikes: 10000CE, 9800PE
Bank Nifty Max O.I Strikes: 24500CE, 24000PE (12th Oct 2017 Expiry).
 

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