Thursday 31 August 2017

F&O: Nifty Trades Cautious Ahead Of Expiry

Posted by suhani varma on Thursday, August 31, 2017 with No comments
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Nifty has been hovering around previous close of 9,884 level. India VIX was trading at 12.04 level, down by 6.53%. Bajaj auto was top gainer while Bosch was top loser in the index. There were 24 advances and 27 declines in the index.

August series derivative contracts are going to expire in Thursday’s trading session. Nifty September futures contract was trading at premium of 33 points.
On the options front, Nifty September 10,000 CE and Nifty September 9,700 PE have maximum open interest. Maximum open positions were added at the strike of 10,000 call and 9,900 put in the afternoon hours on Thursday. Nifty may have strong immediate support at 9,860 followed by 9,840 level while on the upside, 9,920 will act as stiff resistance level. The index needs to hold 9,900 level for fresh upsurge. 


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