Nifty premium slips as traders brace for renewed West Asia tensions

What happened: Nifty rollover cost fell to a five-month low at the October expiry as traders turned cautious ahead of possible renewed West Asia tensions. Key numbers: Rollover cost 0.29% in October versus 0.78% in September, lowest since May. October series expired at 22,776.7; November contract at 22,843.8. Why it matters: The Aditya Birla Money report reads the lower rollover cost and reduced participation as reduced conviction and higher caution entering the November series. Nirmal Jain said oil needs to stabilise at lower levels for a sustained rally.

Nifty rollover cost fell to a five-month low at the October expiry as traders turned cautious ahead of possible renewed West Asia tensions.

The Aditya Birla Money report reads the lower rollover cost and reduced participation as reduced conviction and higher caution entering the November series. Nirmal Jain said oil needs to stabilise at lower levels for a sustained rally.