NSE in its latest circular has announced that Bank nifty weekly expiries from September 6th,2023 will be on Wednesday instead of Thursday and from August 21st,2023, Midcap nifty weekly expiry will be on Monday instead of Wednesday.
Making every day of the week an expiry day for one or the other index.
Monday - Midcap Nifty
Tuesday - Fin Nifty
Wednesday - Bank Nifty
Thursday - Nifty
Friday - Sensex
We will make a detailed post on this covering all the points.
But, my first thoughts - This isn’t ideal in the long run as it may lead to a massive surge in speculation.
If I’m not wrong it was either @Jason_Castelino or @viswaram who wanted to have a weekly expiry everyday so that FnO traders won’t have to take any overnight risks at all.
How do you guys feel now