Nifty Futures trade at premium

VIX eases for fourth session

The Nifty December 2019 futures were at 12,092.90, a premium of 36.85 points compared with the Nifty's closing of 12,056.05 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 7.78 lakh crore compared with Rs 24.60 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 95.10 points or 0.78% to 12,056.05.

The NSE's India VIX fell 0.6% at 13.9025. A fall in volatility indicates stability in benchmark index.

On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 18.23 lakh contracts at the 12,500 strike price. Call writing was witnessed at 12,100 strike price, which added 4.69 lakh contracts.

Maximum put OI of 29.09 lakh contracts was seen at 12,000 strike price. Significant put writing was seen at the 11,500 strike price, which added 3.03 lakh contracts.

The option chain suggests that the Nifty will trade between 12,000 and 12,500 level till December 2019 expiry. The December 2019 F&O contracts expire on Thursday, 26 December 2019.

Indiabulls Housing Finance, Yes Bank and Adani Ports were the top traded individual stock futures contracts in F&O segment of NSE. Indiabulls Housing Finance December 2019 futures were at 286, compared with spot closing price of 290. Yes Bank December 2019 futures were at 67.75 compared with spot closing price of 68.50. Adani Ports December 2019 futures were at 383.35, compared with spot closing price of 381.

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