It's F&O expiry today and the August series is the worst series since October 2008. In an interview on CNBC-TV18, Manoj Murlidhar, AVP-Derivatives of IIFL PReMIA says the upside might definitely be capped at 4,900 on the Nifty.
But before the Nifty comes to those levels, he expects a 12% deficit of rollover to come in.
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