October derivatives series witnessed a strong bull run, with Nifty and Nifty Bank surging 5.38 percent and 6.55 percent, driven by aggressive short covering from FPIs and pros. Despite lower rollovers, selective long carryovers hint at sustained optimism. India VIX stayed muted at 11.95, masking undercurrents of nervousness.

FPIs’ net shorts fell sharply to 92,116 contracts, with cash inflows of Rs 10,040 crore signaling returning confidence. Technically, the index maintains a higher-high structure above key EMAs, keeping the trend bullish. A breakout above 26,100 could spark a short-covering rally toward 26,700, while 25,500 remains the crucial make-or-break zone.

October Series Recap

The October derivatives series unfolded as a relatively low-volatility yet headline-driven phase, wher

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