Union Budget 2018 will be presented on February 1 by Finance Minister Arun Jaitley. After the reforms of demonetisation and GST last year, expectations are running high on the Budget from people of all walks of life.

Expecting wild swings, India VIX, which measures the cost of Nifty 50 Index options, has climbed to a near-18-month high. Traders will focus on Nifty 50 and Bank Nifty futures, which have already attracted huge open interest positions ahead of the Budget presentation.