Markets recover in closing hour of trade; Nifty ends below 10,400 mark

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Markets gave away a sharp recovery in last one hour of trade after witnessing a sell-off during the first half of trade. All the major indices closed in red as Mid-cap & Small-cap index continued to underperform the benchmark index.

PSU Bank index saw a sharp sell-off losing ~2.5% in trade. Market breadth continued to end in the favour of declines with Advance-Decline ratio closing at 1:4x.

 
Nifty February futures saw marginal unwinding of short positions, while Bank Nifty February futures saw the marginal buildup of short positions.
 
Tracking the Nifty options, heavy call option writing was seen in 10400CE as open interest surged by ~23 lakh shares, while 10400PE saw an unwinding of short positions with a reduction of ~10 lakh shares in open positions.

India VIX index closed 1.7% higher ending at 16.65.

Nifty
-74 points @ 10378
Bank Nifty
-105 points @ 25058
Top 2 F&O Gainer
FORTIS & ICIL
Top 2 F&O Loser
UNIONBANK & PNB
Most Active Index Option Contract
 
Call Option 
10400CE, O.I: +~23 lakh shares
Put Option
10400PE, O.I: - ~10 lakh shares
Nifty Max O.I Strikes
11000CE, 10500PE
Bank Nifty Max O.I Strikes
26000CE, 25000PE (22nd Feb 2018 Expiry)



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