Nifty and Bank Nifty | Hello December Series, Rollover analysis for Traders
November was a blockbuster series, where in the Nifty not only surpassed the previous lifetime high level but also closed the expiry with a series-on-series gain of 11.61%. Majority of the rise clocked by the Nifty was backed by addition of longs as month on month, the open interest in Nifty increased by 14%, the rollover was also on the higher side at 78.68% vs the three month average of 76% with a positive rollover cost of 35 points indicating majority of the long position has got carried forward to the next series.
Nifty December month rollover is at 78.68% vs 77.45%. Bank Nifty’s December month rollover is at 79.35% vs 73.59%: Reuters