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October Expiry Derivatives Summary

For the October Series NIFTY closed at around 17730 after Volume weighted average price (VWAP) based buying activity was witnessed in the last thirty minutes of the day .

Nifty November Futures contract started with around 109 lakh vs 114 lakh in October. Banknifty futures have seen an Open Interest of around 16.7 lakh vs 22 lakh. At expiry, VIX was at around 16.5% levels implying around 720 odd points swing in the NIFTY in next 30 days. The highest Nifty November monthly options Open Interest is at 16000 PE and 18500 CE. Nifty 18500 Call Open Interest stands at around 37000 contracts and 16000 Put Open Interest at around 49000 contracts

In October series, Textile and Realty @ 97% are the sectors where highest rollover were witnessed, whereas Metals @ 86% is the sector where lowest rollover was witnessed.

We expect Oil & Gas and Automobile to outperform the Index this Series

BANKBARODA @145, ONGC @ 132, HDFC @ 2400 and BHARATFORG @ 800 are our top preferred picks for the November series.

NIFTY November Series Option Data

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