Nifty50's Nov derivative series among best ever, index seen consolidating

The November derivatives series which ended on Thursday proved to be one of the best-ever for the markets. The Nifty rose 11.6 per cent, while the Bank Nifty added 22.8 per cent.

Despite stellar gains, the rollover into the December series for the Nifty were higher than the previous month, an indication that the bulls were still in control.

Bank Nifty rollovers, too, were higher than the previous 3-month average. However, open interest was marginally lower.

“The Nifty has major call base at 13,500 strike followed by 13,000 strike, while the put base is placed at the 12,800 strike for the coming weekly