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F&O Check: Traders Maintain Cautious Stance Ahead of July Series Expiry
India’s VIX, a measure of market turbulence, dropped 2 percent to 15.1.
28 Jul 2016, 03:15 PM IST 
A financial trader monitors reaction of global markets (Photographer: Jason Alden/Bloomberg)
The NSE Nifty extends gains on Thursday, and is trading around the 8,650 mark, amid optimism that the long-pending Goods and Service Tax (GST) bill will get safe passage in the ongoing monsoon session of the parliament.
India’s VIX, a measure of market turbulence, dropped 2 percent to 15.1.
At 12:00 pm, Nifty July-August rollovers were at 56 percent, much below the three-month average of 60 percent, indicating that traders are wary of taking new positions.
Meanwhile, Nifty July 8,700 Call continued to see maximum open interest, indicating that the market is expecting 8,700 mark to become the next resistance level. The Nifty July 8,600 Put has been witnessing a considerably high open interest build-up with nearly 40 lakh shares added so far.