F&O Radar | Deploy Short Iron Condor for potential gains from sideways market
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Indian stock markets showed signs of recovery last week, with the broader indices bouncing in Friday's session to end the week on a positive note. However, bearish sentiment emerged from alleged fraudulent activities involving the Adani Group, and the negative flow of the FII in the cash segment with second-quarter corporate profits fell short of expectations. Last week, the sectors that ended in the green were realty, auto and consumer durables. In contrast, the media and financial services sectors ended the week in the red. In the derivatives market, the highest call open interest in Nifty was seen at strikes 24,000 and 23,900 while notable put open interest was seen at strikes 23,500 and 23,400. For Bank Nifty, the prominent call open interest was seen at the 52,000 and 51,500 strikes, whereas notable put open interest at the 51,000. Implied volatility (IV) on Nifty call options was 14.97% and on put options was 16.09%. India VIX, ...