Derivative Mid-Month Report - Nifty closed negative with a decrease of 1.17% to expired By Axis Securities
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Nifty
* Nifty closed negative with a decrease of 1.17% to expired at 13818 for Jan Series. At Start of Feb series Nifty witness a pull back off from 13600 levels & currently it is trading 15300 level after taking Support near 14900 level. Highest CE concentration for Feb expiry is at 15,500 followed by 16000 & 15,800 which might act as strong resistance, while on the PE side highest OI is at 15000 PE followed by 14,800 & 14,500 which is likely to act as immediate supports during this expiry.
Volatility Index
* Volatility Index (IndiaVIX), a measure of Market expectation for near-term volatility has witnessed a movement between 20 to 26 mostly due to influence of international news Covid-19(Pandemic) and up to certain degree of domestic economic data numbers.. However in coming future amid end of February Expiry. Expecting India VIX to remain mostly in the range of 18 to 26 for the February Expiry.
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