Nifty regains its lost momentum; Mid-cap Index hits fresh highs


In today’s trade, markets regained its lost momentum by giving a strong upmove after three days of consolidation.

Infosys remained strong among the index heavyweights as markets closed at its 2 week high.

Market breadth remained positive with the Mid-cap Index hitting a fresh lifetime high.

Nifty PCR continued to move higher, closing at 1.46x vs 1.35x.

Nifty and Bank Nifty futures closed 0.49%/0.26% higher and added fresh open interest to the tune of 3.2 lakh/ 1.1 lakh shares, indicating a formation of long positions. 

Tracking the options front, the heavy short covering was witnessed across all the major call options strike of Nifty with 10,300,10,400,10,500 strikes shedding open interest to the tune of ~8.5 lakh, ~2.94 lakh, ~2.65 lakh shares respectively.

Nifty put option strikes continue to add fresh short positions, indicating an expiry for the index above the 10,300 mark. India Vix ended the day at 13.51 down 2.5%.
Nifty:+ 41 points @ 10390
Bank Nifty: +43 points @ 25779
Top 2 F&O Gainer: GMR INFRA , TV18BROADCAST
Top 2 F&O Loser:PVR
Most Active Index Option Contract:
Call Option: 10300CE, O.I: ↓ ~8.5 lakh shares
Put Option:10400PE, O.I: ↑~ 14.5 lakh shares
Nifty Max O.I Strikes:10500CE, 10300PE
Bank Nifty Max O.I Strikes:26000CE, 25000PE (30th Nov 2017 Expiry)
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