Nifty ends lower for 6th consecutive session; falls 47 points

Yes Bank drives Bank Nifty higher in today's session.

Feb 14, 2019 10:02 IST India Infoline News Service

Analyzing Market Algorithms
Indian equity markets continued facing selling pressure with the Nifty ending the day in the red for the sixth consecutive session. The Nifty ended the first weekly expiry 47 points lower at 10,746, however, the index recovered from its intraday low of 10,718 and managed to close above its 200-DEMA.

Bank Nifty, on the other hand, relatively outperformed ending the session 84 points higher led by Yes Bank which surged 30.5% to Rs221 after news that the RBI found no divergence in asset classification and provisioning for FY18.

Nifty Media was the best performing sectoral index ending the session 3.91% higher.

Bank Nifty futures witnessed a decline in open interest indicating short covering. 

On the options front, call writing was seen in Nifty OTM strikes with 10800CE and 10800CE witnessing an addition of ~23 lakh shares and ~13 lakh shares, respectively. (14th Feb Expiry)

India Vix ended the session 0.46% lower at 15.65

Top 2 F&O Gainers: Yes Bank, CG Power
Top 2 F&O Losers: Kaveri Seed, NBCC
Nifty -47 @10,746
Bank Nifty +85 @26,690
Most Active Index Option Contract (14th Feb)
Call Option 10800CE, O.I.: ~ +23.5 lakh shares
Put Option 10700PE, O.I.: ~+11 lakh shares
Nifty Max O.I Strikes (Feb 21st Feb) 10800CE, 10800PE

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