Mid-cap stocks tumble as markets gave away its opening gains

Posted January 29, 2018 by highlight

Markets witnessed a volatile trading session as Nifty and Bank Nifty gave away ~60/300 points from its high. HDFC twins were among the top index contributors backed by a strong Q3 show from HDFC Ltd.

Broader markets continued to underperform the benchmark index as the market breadth ended in favor of declines with Advance Decline ratio closing at 2:3x.

Nifty Index and Bank Nifty Index February futures witnessed a surge in open interest to the tune of ~6.97 lakh shares/~1.16 lakh shares, indicating a buildup of long positions.

Tracking the Nifty options, marginal hint of buying was witnessed across all the major call options strike, with 11000CE adding the maximum open interest buildup to the tune of ~4.5 lakh shares.

India Vix ended the session at 17.9% up 2%.
Nifty: +61 points @ 11130
Bank Nifty: +52 points @ 27498
Most Active Index Option Contract:
Call Option: 11000CE, O.I: +~4.5 lakh shares
Put Option: 11000PE, O.I: + ~10.5 lakh shares
Nifty Max O.I Strikes: 12000CE, 10500PE
Bank Nifty Max O.I Strikes: 28500CE, 26500PE (Feb 1, 2018 Expiry)
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Last Updated January 29, 2018