BUY BANKNIFTY 29400 PE 370 TARGET 600-860 SL PAID
A 50% month-on-month increase in net long positioning for FIIs in index futures has led to an expansion of rollover basis across the board this month. This has accompanied a 14% increase in market-wide open interest in single stock futures. Hence, sentiment going into December series is quite bullish.
Nifty and Bank Nifty futures have witnessed healthy rollovers to the December series, with more long positions being carried over, according to analysts. Nifty futures saw a rollover of 77 per cent, much higher than last month’s 70-71 per cent; Bank Nifty rollovers remained firm at 78 per cent, the same as last month’s.
BUY BANKNIFTY 23200 PE 360 TRG 550-850 SL PAID
BUY BANKNIFTY 23500 PE 330 TARGET 550–680 SL PAID
Bank Nifty Shares of YES Bank, Tata Motors, Vodafone Idea, JSPL, Ashok Leyland, RBL Bank, SAIL, Equitas Holdings, ICICI Bank and Dish TV India were among the most traded shares on the NSE.