Markets end on a negative note; Mid-cap stocks continued to underperform

Market Down

Indian markets ended the last trading day of the week on a negative note and closed in line with global peers. Mid-cap stocks continued to underperform and lost ~1% in trade. Tracking the technicals, Nifty and Bank Nifty indices managed to end below their 200 D-EMA as market breadth ended in favor of declines with advance-decline ratio closing at 1:2x.

Considering the open positions of all available expiry contracts (March+April+May), Nifty futures added fresh open interest to the tune of ~45 lakh shares.

Tracking the Nifty Index Options, across the board short-selling was witnessed in major out-of-the-money call option strikes, with Nifty 10400CE shedding ~7.21 lakh shares in open positions.

At-the-money and out-of-the-money Put option strikes saw a fresh build-up of long position, hinting at a negative start to the April F&O series. India Vix index ended the session 1.3% higher at 15.75.

Nifty
-71 points @10,114
Bank Nifty
-171 points @24,263
Top 2 F&O Gainer
Apollo Hospital & Repco Homes
Top 2 F&O Loser
Fortis & Rcom
Most Active Index Option Contract
Call Option
10400CE, O.I: + ~7.21 lakh shares
Put Option
10000PE, O.I: +~7.27 lakh shares
Nifty Max O.I Strikes
11000CE, 10000PE
Bank Nifty Max O.I Strikes
25000CE, 24000PE (April 05, 2018, expiry)
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