Between the last expiry and today, Finnifty has only fallen 0.21% ~ 41pts. From a headline level the fall of 1.83% ~ 365 pts and its recovery is not obvious. Moreover FinNifty has respected the support level of 19421 and is trading at a safe distance from it.
As it stands Finnifty is not showing any directional sentiment, this was the reason the options premium were very less today. In fact Nifty50 and BankNifty far OTM options had good juice today, I am assuming it would be because the liquidity was sucked out by the FinNifty expiry traders.
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