Closing Commentary: Bulls in total command



In today’s trade, markets were on a hot streak as Nifty index hits a lifetime high of 10191.90. 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 ~11.7 lakh shares i.e a surge of ~4.4%.

Bank Nifty too witnessed a steep surge mainly on account of long buildup with a rise in open interest.

On the options, front huge amount of short covering was witnessed in Nifty ATM strikes as call writers had to run for cover.

Nifty 10100CE and 10000CE witnessed a decline of ~12 lakh and ~6.3 lakh shares respectively, mainly unwinding of short positions.






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