At ~73%, the Nifty saw high rollover into the March F&O series. Since the start of the March F&O series, the index has seen good amount of build-up in the open interest, which is a mix of long and short positions. On the options front, 8800 put option has the highest open interest, while on the call side, 9200 has the highest open interest. With the highest addition being in the 9200 call option, the Nifty is finding resistance around this level. On the other hand, VIX is also trading at a very low level of ~11.90, which is at a multi-year low. Therefore, we do feel that some rise in VIX could be seen going ahead and there could be some profit booking, which could trigger some downside in the market in the coming trading sessions.
For More Details Fill Our Free Trail Form Click Here - http://www.tradebizzindia.com/freetrial
No comments:
Post a Comment