Which are the futures and options contracts that are most liquid on any normal trading day on the NSE?
Answer 
Answer
In India, options of strikes around the market price are normally the most liquid. If you look at the most liquid contracts they are dominated by options on the Nifty and the Bank Nifty. We are presenting in the table below the average contract volumes on the most liquid contracts. This is part of the day numbers but the trend is broadly indicative.
Instrument
Underlying
Expiry
Option type
Strike Price
Prev Close
Open
High
Low
Last Price
Volume
Turnover
Prem T/O
Underlying
Index Options
BANKNIFTY
21-Feb-19
CE
27,000.00
114.05
104.65
130.2
97.95
106.5
36,738
1,99,190.57
805.37
26780.95
Index Options
BANKNIFTY
21-Feb-19
PE
26,500.00
96.5
94
100.25
77
90.55
35,724
1,89,983.30
646.1
26780.95
Index Options
NIFTY
21-Feb-19
CE
10,800.00
45.7
50
54.7
35
38
22,295
1,81,268.38
678.88
10696.6
Index Options
BANKNIFTY
21-Feb-19
CE
27,100.00
80.5
55.4
93.35
55.4
73.2
27,538
1,49,677.62
421.66
26780.95
Index Options
NIFTY
21-Feb-19
PE
10,700.00
65.2
65.5
85.8
50.35
75.55
18,401
1,48,603.72
935.69
10696.6
Index Options
NIFTY
28-Feb-19
CE
10,800.00
88.35
89.95
92.8
72
77.35
15,857
1,29,400.14
958.44
10696.6
Index Options
NIFTY
28-Feb-19
CE
10,900.00
50.35
50
51.9
38.5
41.75
15,174
1,24,548.08
500.63
10696.6
Index Options
BANKNIFTY
21-Feb-19
CE
27,200.00
53.65
47
64.6
37.25
48.1
21,761
1,18,601.24
221.4
26780.95
Index Options
BANKNIFTY
21-Feb-19
CE
26,900.00
155.6
150.6
174.55
131.2
146.6
21,135
1,14,344.03
637.73
26780.95
Index Options
NIFTY
21-Feb-19
PE
10,600.00
36.95
35
49.15
25.2
42.5
14,028
1,11,921.87
399.27
10696.6
Index Options
NIFTY
21-Feb-19
CE
10,900.00
16.75
11.1
19.85
11.1
13.1
13,629
1,11,565.60
148.52
10696.6
Index Options
BANKNIFTY
21-Feb-19
PE
26,700.00
154.3
127.8
165.8
127.8
150
20,129
1,08,094.50
605.64
26780.95
Index Options
NIFTY
28-Feb-19
PE
10,500.00
44.35
36.95
58.4
36.85
53.55
13,494
1,06,762.77
497.52
10696.6
Index Options
NIFTY
28-Feb-19
PE
10,700.00
98.2
90.5
119.9
85.15
110.9
13,094
1,06,094.30
1,014.95
10696.6
Index Options
BANKNIFTY
21-Feb-19
CE
27,300.00
34.3
27
44.4
20
29.8
19,051
1,04,141.42
122.96
26780.95
Index Options
BANKNIFTY
21-Feb-19
PE
26,600.00
122.2
122.2
130
92.3
117.45
19,338
1,03,331.25
453.09
26780.95
Index Futures
NIFTY
28-Feb-19
-
-
10,746.55
10,809.90
10,809.90
10,705.00
10,722.65
11,791
94,930.52
-
10696.6
Index Options
NIFTY
21-Feb-19
CE
10,700.00
96.2
113.6
113.65
76.3
82.85
11,330
91,661.26
738.01
10696.6
Index Options
NIFTY
28-Feb-19
CE
11,000.00
26.4
26.95
27
20
21.65
10,399
85,971.99
180.24
10696.6
Index Options
NIFTY
21-Feb-19
CE
11,000.00
5.4
6.2
6.65
3.7
3.8
10,117
83,498.10
32.85
10696.6