Nifty futures are seeing decent rollovers but Banknifty is getting massive fresh additions in August series.
While Nifty is at the upper end of July range, Banknifty is closer to lower side of the range.
While Nifty July has been largely bullish, Banknifty has not been able to come up after the shock administered by RBI! I wonder if the fresh addition of OI instead of rollovers suggest that Banknifty will reverse in the new series? And if yes, does that mean that July Banknifty will be allowed to expire at lows??