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Chennai, Jan. 6 Trading volumes jumped in the F&O segment quite sharply on Tuesday to Rs 39,420.34 crore – the highest in the last eight days. The NSE Nifty future was volatile during intra-day and closed at 3113.2, just a shade above the Nifty spot close of 3112.8. It also witnessed a drop of 2.79 lakh shares in open interest. Interestingly, mini Nifty future, where retail traders do active trading, also witnessed drop in open interest positions.

Among the options, Nifty 3000 put and 3100 call were the most active. While the latter shed open interest positions, on account of profit taking, the former witnessed put writing activity. This means, Nifty could face strong support at 3000 level. On other hand, there was fresh accumulation in 3200 call.

Despite sharp recovery, many counters added short positions. Among them were SBI, ICICI Bank, DLF, Reliance Capital, Suzlon, Punj Lloyd and Reliance Petroleum.

The RPL Jan future closed at 91.3 against the spot close of 91.1. It continued to shed about 6 lakh shares in open interest positions. Reliance Capital also shed open positions. Suzlon and Punj Lloyd witnessed heavy accumulation of short positions.

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