Markets witness a range bound trade


In today’s trade, markets traded in a narrow range throughout the day with benchmark index closing in negative territory.

Nifty midcap and Nifty Bank index gave marginal outperformance with both the indices closing in the green.

Axis Bank surged ~8%, adding fresh open interest to the tune of ~60.1 lakh shares, mainly long positions.

Market breadth also remained neutral, with Advance/Decline ratio closing at 1:1x.

Bank Nifty remained muted, with its index future unwinding just ~17k shares in open interest whereas much larger participation was seen in Nifty, with its future contract adding ~6 lakh shares in open interest.

Tracking the options front,  Bank Nifty ATM 25000CE & PE strikes added fresh open to the tune of ~90k/~40k shares, mainly short positions.

India Vix index closed ~2.5% higher, gaining ~8% in the last two trading session.

Nifty:-28 points @ 10335
Bank Nifty: +30 points @ 25019
Top 2 F&O Gainer:RELAINCE COMMUNICATION, AXIS BANK
Top 2 F&O Loser:UNION BANK, IDBI BANK
Most Active Index Option Contract:
Call Option: 10500CE, O.I: ↑ ~1.2 lakh shares
Put Option:10300PE, O.I: ↑~ 3.7 lakh shares
Nifty Max O.I Strikes:10400CE, 10000PE
Bank Nifty Max O.I Strikes:25500CE, 24500PE (2nd Nov 2017 Expiry)

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