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Below is the Views On F&O Expriy By Mr. S Hariharan - Head - Sales Trading, Emkay Global Financial Services.
“In line with a bullish undertone for the market throughout the month, F&O expiry is also expected to close the month with strong gains. Financials & Autos have had strong rolls, while the weakest rolls have been in Materials and OMC sectors. For the month of Nov so far, foreign inflows in the cash segment have totalled $2 bn, while FII positioning in index futures has turned to net long after a gap of 6 months. Moreover, FII stock futures positions are also expected to have the highest-ever month-ending net long position. This points to a strong external flow environment, and historically, such instances have led to follow-on strength in the market in Dec as well”.
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