Monday 15 January 2018

Nifty Bank Index Ends Above 26,000 Mark For The First Time Ever

Posted by suhani varma on Monday, January 15, 2018 with No comments


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Nifty and Bank Nifty Index futures added fresh open interest to the tune of ~12.3/4.17 lakh shares respectively, indicating a buildup of long positions.Markets continue to remain on a hot streak with all the major indices closing on lifetime high levels. A strong buying in ICICI and HDFC bank allowed Nifty Bank index to breakout from a 4 months consolidation range to close above the 26,000 mark for the first time.
HDFC Limited was the biggest gainers among the Nifty packs closing at 52-week high levels.

Benchmark indices outperformed the broader markets for the second day in a row as fresh buying was witnessed across the major heavyweights.

Nifty and Bank Nifty Index futures added fresh open interest to the tune of ~12.3/4.17 lakh shares respectively, indicating a buildup of long positions.

Tracking the Nifty options, in the money call option strikes saw large unwinding of short positions as the index inched higher.

Nifty 10600CE saw an unwinding of ~8.3 lakh shares in open interest, while 10600CE added fresh open interest to the tune of ~10.1 lakh shares, consisting of mainly long positions.



Nifty:+60 points @ 10642
Bank Nifty+320 points @ 26069
Top 2 F&O Gainer:PCJEWELL & HDFC LTD
Top 2 F&O Loser:IDFC BANK & KTK BANK
Most Active Index Option Contract:
Call Option10800CE, O.I: + ~10.1  lakh shares
Put Option:10700PE, O.I: + ~ 29 lakh shares
Nifty Max O.I Strikes:11000CE, 10500PE
Bank Nifty Max O.I Strikes:26000CE, 25500PE (18TH Jan 2018 Expiry)

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