Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
The Nifty April futures closed at 9086.70 with a gain of 3.84% or 336 points on Thursday. Markets were closed on Friday on account of Good Friday. Open interest of the current month expiry added by 7.13 lakh shares indicating addition of positive bets. Nifty’s VIX slipped nearly by 5% to 49.7450 versus. FIIs were buyers after a day of sell-off; bought derivatives worth Rs 2006.76cr on 09 Apr as per provisional figures. They added long positions by 19.80% in index futures while also increased exposure in shorts merely by 0.20%. Indian markets to remain shut tomorrow on the back of Dr.Baba Saheb Ambedkar Jayanti.
9000 strike continues to see short covering, which should help Nifty breeze through another +500 points. OTMs finding fresh buying interest is a sign that positive intent is strengthening, but also projects the 9500-10000 band as the near term resistance. Meanwhile, OTM puts are being sold aggressively, confirming near term positivity,, while also weakening the support band existed along the 8500-7000 band. FIIs are looking for more uspides, considering the near 20% build in index future last Thursday.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer