Index is likely to open on a flattish note today and is likely to remain positive during the day - Nirmal Bang
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Market Summary:
* Indian markets closed on a positive note where buying was mainly seen in FMCG, Technology, Banking sectors. Nifty June Future closed at 15832.60 (up 15.35 points) at a premium of 20.80 pts to spot.
* FIIs were net sellers in Cash to the tune of 503.51 Cr and were net sellers in index futures to the tune of 2637.55 Cr.
* India VIX increased by 3.95% to close at 14.72 touching an intraday high of 15.31.
Open Interest in Nifty Options:
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 15800, 15700, 15600, 15500 strike Puts and at 15700, 15800, 15900, 16000 strike Calls indicating market is likely to remain positive in near term.
* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 7.29mn and 9.12mn respectively.
Outlook on Nifty:
* Index is likely to open on a flattish note today and is likely to remain positive during the day.
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