Investors are hedging portfolios at a record pace amid the rising market volatility, with benchmark indices just 3% away from peaks. This is reflected in a record high open interest of the index put option contracts. The total open interest of the put options on the index reached 58.2 lakh on a twenty-day rolling basis while the total open interest on the index call options dropped by 20% from the peak of 66.2 lakh contracts according to the data from Bloomberg.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments
June 15, 2025