February series began with lower open interest base: Angel Broking
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Derivatives Wrap-up by Mrs. Sneha Seth (Derivatives Analyst, Angel Broking):
"Market had a fabulous run in the previous three consecutive series. However, the January series concluded with some roller coaster move by shedding more than a percent. It was certainly a historical one as we saw Nifty hitting fresh record highs of 14753.55 in the latter half. Unfortunately markets failed to keep up the same momentum as the index corrected from the life time highs and eventually concluded the inaugural series of the calendar year 2021 tad below the psychological mark of 14000. The banking index too finally surpassed the previous life time high of 23613.10 seen a year back. Due to sell-off seen towards the end of the series, the BankNifty ended 3% lower to previous series close.