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Our Bureau

Chennai, Dec. 23 Turnover remained moderate only at Rs 51,132.48 crore in the F&O segment on the NSE on Tuesday. The Nifty December future closed at 2972.85 and the January future at 2986.95 against the spot close of 2968.65.

The Nifty future saw a rollover of about 52 per cent, which is almost the same as the previous month. The January future added about 49 lakh shares (or 26.5 per cent) in open interest positions, most of which were on the short side.

Among the options, Nifty 3100, 3200 and 3000 call were the most active among January contracts while 2800, 3000 and 2900 puts were the most active. Even 2700 January put witnessed smart activity. The heightened activity on the put side signals negative bias. Besides, the India VIX or NSE Volatility also moved up to 45.7 against Monday’s 41.46, indicating accumulation of puts.

Contracts on Reliance, DLF and SBI were actively traded. DLF January contracts added short positions; it ended at 300.35 against December contract’s closing of 304.45 and the spot close of 301.8.

The other contracts that saw additions of shorts were NTPC and Educomp Solutions. However, Reliance, SBI, ICICI Bank and Bharti Airtel saw long accumulations in January month series.

More Stories on : Derivatives Markets | On the hedge

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