IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Chemicals, Metals, IT sectors. Nifty Oct Future closed at 17494.6 (down 7.35 points) at a discount of 17.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 454 Cr and were net sellers in index futures to the tune of 141.37 Cr.

* India VIX increased by 0.20% to close at 17.49 touching an intraday high of 17.56

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 17600, 17500, 17300 strike Puts and at 17800, 17700, 17600 strike Calls indicating that the index is likely to remain cautious during the day.

* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 13.85mn and 16.23mn respectively.

Outlook on Nifty:

* Index is likely to open on a positive note today and is likely to remain range-bound during the day.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer