VIX eases to 14.89
The Nifty November 2019 futures were at 12,098.60, a premium of 60.9 points compared with the Nifty's closing of 12,037.70 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 13.90 lakh crore compared with Rs 10.97 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index fell 36.5 points or 0.3% to 12,037.70.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 0.74% at 14.89.
On the options front, the Nifty option chain for 28 November 2019 expiry showed maximum call open interest (OI) of 29.58 lakh contracts at the 12,100 strike price. Significant call writing was witnessed at 12,200 strike price, which added 6.77 lakh contracts. Maximum call unwinding was seen at the 12,000 strike price, which shed 1.9 lakh contracts.
Maximum put OI of 47.59 lakh contracts was seen at 12,000 strike price. Significant put writing was seen at the 12,100 strike price, which added 3.18 lakh contracts. Maximum put unwinding was witnessed at 11,900 strike price, which shed 7.44 lakh contracts.
The option chain suggests that the Nifty will trade between 12,000 and 12,100 level till November 2019 expiry. The November 2019 F&O contracts expire on Thursday, 28 November 2019.
ICICI Bank, Reliance Industries (RIL) and HDFC were the top traded individual stock futures contracts in F&O segment of NSE. ICICI Bank November 2019 futures were at 506.55, compared with spot closing price of 513. RIL November 2019 futures were at 1,565.30 compared with spot closing price of 1561.20. HDFC November 2019 futures were at 2,304, compared with spot closing price of 2298.80.
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