Mumbai : Wealthy customers and traders are mulling over the Reserve Bank of India’s interest rate decision on Friday through riskier Bank Nifty futures instead of main Bank Nifty options contracts, up from Thursday’s close of 37,755 despite rising tensions between China and China. expected to move towards. and Taiwan.
This aggressive approach is being taken amid the risk of higher mark-to-market losses in futures on the belief that Bank Nifty will continue to outperform Nifty and options traders will earn more absolute returns than the market. analysts said.
The bet is that the 37,000-37,300 level, which remains in place despite tensions in the Taiwan Strait, will act as strong support with a possible rise to 38,500. The market has increased the repo rate by 25-50 bps by MPC, and traders believe that the rally will continue after the policy.
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