Markets post another session of strong gains - Highlight Investment Research

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Thursday 7 June 2018

Markets post another session of strong gains

Markets continued the positive momentum built from the previous trading session with broad based buying witnessed, and all the sectoral indices managing to end the day in the green. However, markets were not able to sustain the gains witnessing profit booking in the final hour of trade, with the major averages ending a tad lower. Nifty Small cap 100 index was the best performing index ending 2.15% higher.

Tracking the derivative data points, Nifty futures and Bank Nifty Futures witnessed a surge in open interest to the tune of ~ 14.75 lakh shares and ~1.51 lakh shares, respectively indicating a build-up of fresh long positions.  

On the options front, put writing was witnessed in all major out of the money strikes with 10700PE and 10600PE adding nearly ~11.07 lakh shares and ~3.13 lakh shares, respectively while call unwinding was witnessed in 10800C to the tune of ~2.92 lakh shares.

India VIX index ended the session 1.81% higher at 12.77.





Nifty  +83 points @ 10768
Bank Nifty+150 points @ 26517
Top 2 F&O GainerHDIL,SAIL
Top 2 F&O LoserSTRIDES SHASUN, RCOM
Most Active Index Option Contract
Call Option10800CE, O.I:-2.92 lakh shares
Put Option10700PE, O.I:+11.07 lakh shares
Nifty Max O.I Strikes11000CE, 10600PE

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