Wednesday 10 October 2018

Volatility Persists Nifty Ends 47 Points Lower At 10,301

Posted by suhani varma on Wednesday, October 10, 2018 with No comments

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Nifty, after opening gap up, traded sideways for a majority of the day before facing heavy selling pressure in the final hour of trade on Tuesday. The NSE benchmark index ended yet another volatile trading session just 1 point shy of breaching the 10,300-mark.

Auto and FMCG stocks were the worst-performing sectors in Tuesday’s trade with the Nifty Auto and FMCG indices closing 2.63% and 2.07% lower, respectively. Tata Motors was the stock in focus as it hit a 6-year-low after sales of JLR slumped in China. The advance/decline ratio ended at 3:5 in favor of the declines.

Tracking the derivative data points, Nifty Futures and Bank Nifty Futures witnessed a marginal surge in open interest.

On the options front, call writing was witnessed in out-of-the-money strikes with 10800CE and 11000CE adding 2.96 lakh shares and 3.69 lakh shares in open interest.

India Vix witnessed a spike and ended the day 1.96% lower at 19.75.

Nifty-47 points @10,301
Bank Nifty-90 points @24,527
Top 2 F&O GainerDEWAN HOUSING, BALRAMPUR CHINI
Top 2 F&O LoserTATA MOTORS, JUST DIAL
Most Active Index Option Contract
Call Option10400CE, O.I: ~+3.94lakh shares
Put Option10000PE, O.I: ~+3.17lakh shares
Nifty Max O.I Strikes11000CE, 10000PE

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