Nifty ends on a record high after witnessing a volatile trading session - Highlight Investment Research

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Friday 12 January 2018

Nifty ends on a record high after witnessing a volatile trading session

Markets witnessed a whipsaw movement as 4 Supreme Court Judges criticised court functioning in an unprecedented press meet.

Oil & Gas stocks were the flavors of the day with ONGC and Reliance gaining ~1% each.

Benchmark indices outperformed the broader markets and closed on record highs.

Market breadth ended in favor of declines with Advance Decline ratio closing at 2:3x.

Tracking the Nifty options, in of the money call option strikes saw large unwinding of short positions as the index inched higher.

Nifty 10600CE saw an unwinding of 3.6 lakh shares in open interest, indicating a positive bias for the index going forward.




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