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Markets ended the day in red on continued selling pressure in consumer durables and capital goods stocks. Volatility ruled the roost ahead of the F&O expiry later this week. The BSE benchmark Sensex ended down (provisional) at 18568 - down 207 points. Nifty meanwhile ended down 77 points at 5,590.
Meanwhile, India VIX crossed 21 for the first time since June 26, 2012 today. The market may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month June series to July series.
"On downside, 5600 put is holding maximum OI for the current months, we believe markets to take support near 5580-5600 zone for the current series. We are looking expiry for the june series near 5700 zone. So some short covering bounce is visible in next few sessions," said Navneet Daga, Derivative Analyst, KR Choksey Securities.
