The highest new OI addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16000 for Puts in monthly contracts. “It may take a while to breach the 18000 barriers again but the near-term prospects of the same will stay alive as long as 17470-17400 region holds,” Anand James – Chief Market Strategist at Geojit Financial Services, said.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.