Auto conglomerates attracting fresh longs in June series: Angel Broking

If we look at Nifty's options activity, we hardly find any meaningful activity in call option

The benchmark index recouped Tuesday’s losses as it opened with an upside gap on the back of positive global clues. Post some consolidation during the day, fresh buying interest emerged once RBI Policy was announced, which resulted Nifty closing at 9663.90. 

On derivatives front, Nifty futures open interest increased by 2.03%; while, BankNifty futures open interest activity remained muted. Nifty50 constituents like M&M, Maruti Suzuki and Hero MotoCorp added fresh long positions. On the flip side, shorting was seen in TCS, Wipro, BPCL and Tech Mahindra.

Now, if we look at Nifty’s options activity, we hardly find any meaningful activity