Bullish F&O rollovers hint at more peaks in the making for Nifty

“We have seen longs being added to the Nifty index, and there was a spike in the last hour, showing that there is momentum on the long side of the index, which was rolled over from August to September,” said Chandan Taparia, head of technicals and derivatives at Motilal Oswal Financial Services. “Shorts were also covered before this expiry as the market came out of the consolidation phase.”

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