According to the guidelines provided in the SEBI circular on 1st October 2024 regarding weekly index derivatives products, NSE has announced the following:
NSE is discontinuing weekly option contracts in the following indices
Sr Index
Name
Symbol
Last Expiry Date /Last Trading Date
1
Nifty Bank
BANKNIFTY
November 13, 2024
2
Nifty Midcap Select
MIDCPNIFTY
November 18, 2024
3
Nifty Financial Services
FINNIFTY
November 19, 2024
No new weekly index option contracts will be generated with expiry date beyond the last expiry date for the respective index as mentioned above
NSE picks Nifty 50 as its benchmark index with weekly expiry
NSE will continue to make weekly index options available only on the Nifty 50 Index (NIFTY)
Yes. Thats what I hope. These pump dump intraday manipulations have a cost, and Expiry days are when their ROI is lucrative for those manipulators despite the risks in their manipulations. And maybe Intraday position limits will also help.
What if nothing stops. Injection stories remain , can we consider that SEBI failed as a regulator ? I am also against daily expiry , but Bank Nifty going out broke my heart @VijayNair I don’t think manipulations will stop , it has been there and will be there , Institutions have everything in their favour , not these way then some other way . i mean an year back no one knew about injections
Just now completed exhaustive backtests on BankNifty monthly instead of weeklies… First impression is that the Algo that I am currently using may have to be scrapped.
Secondly, I think trading on BN monthlies attracts huge charges, so deploying any intraday strategies may not be viable.
