Nifty Dec 2019 Futures trade at premium

Turnover in F&O segment tumbles

The Nifty December 2019 futures were at 12,290.25, a premium of 18.45 points compared with the Nifty's closing of 12,271.80 in the cash market.

In the cash market, the Nifty 50 index rose 12.10 points or 0.1% to 12,271.80.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 7.32 lakh crore compared with Rs 28.12 lakh crore reported in the previous session.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.94% to 12.2375. A rise in volatility indicates instability in benchmark index.

On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 26.05 lakh contracts at the 12,300 strike price. Massive call writing was witnessed at 12,300 strike price, which added 5.08 lakh contracts. Call unwinding was seen at the 12,100 strike price, which shed 1.25 lakh contracts.

Maximum put OI of 40.06 lakh contracts was seen at 12,200 strike price. Significant put writing was seen at the 12,300 strike price, which added 7.52 lakh contracts. Put unwinding was seen at 12,100 strike price, which shed 2.59 lakh contracts.

The option chain indicates that Nifty will stay between 12,200 and 12,300 in December expiry. The December 2019 F&O contracts expire on Thursday, 26 December 2019.

State Bank of India (SBI), ICICI Bank and Reliance Industries (RIL) were the top traded individual stock futures contracts in F&O segment of NSE.

SBI December 2019 futures were at 338.30, compared with spot closing price of 337.25. ICICI Bank December 2019 futures were at 545.50 compared with spot closing price of 546.10. RIL December 2019 futures were at 1,604, compared with spot closing price of 1600.

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