The Nifty Index in last trading session witnessed sharp rally and ended with gains of nearly 2% at 5863.25. On the derivatives front we have seen that the Nifty Futures prices surged along with an overall addition of open interest and decline in the cost of carry, this is an indication of some shorts being built at higher levels. On the options front we have seen that the OI PCR is trading at neutral levels of 1.01. On the volatility front some ease off seen in last trading session and the Indian Volatility Index (VIX) declined by nearly 4%.
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