Monday 16 October 2017

Closing Commentary Sensex, Nifty End At Fresh All-Time Highs

Posted by suhani varma on Monday, October 16, 2017 with No comments



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In today’s trade, Nifty & Sensex closed at record highs.

Bharti Airtel was the biggest contributor to the index gains, closing at the highest point since 2010. All the major indices ended in green with broader markets continuing to outperform.

Nifty futures witnessed fresh long formation during the day with an increase in open interest to the tune of ~7.2 lakh shares i.e a surge of ~2.7%.

Since the start of October F&O expiry, Nifty future contract has added ~68 lakh share in open interest i.e a rise of ~33%, consisting of mainly long positions.

On the options front, ATM/ITM call options strikes did not see heavy activities, while the 10400CE strike added fresh open interest to the tune of ~6.8 lakh shares.

With a huge amount of short selling in Puts along with heavy long build-up in futures, the stellar performance of the index can continue further until the end of October F&O expiry.




Nifty: +63points @ 10230
Bank Nifty: +13 points @ 24703
Top 2 F&O Gainer: FEDRAL BANK, IDEA
Top 2 F&O Loser: BAJAJ FINANCE, INDIABULLS REAL ESTATE
Most Active Index Option Contract: 
Call Option: 10300CE, O.I: ↑ ~3 lakh shares
Put Option: 10200PE, O.I: ↑ ~23 lakh shares
Nifty Max O.I Strikes: 10200CE, 10000PE
Bank Nifty Max O.I Strikes: 25000CE, 24500PE (18th Oct 2017 Expiry).

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