Index is likely to open on a flattish note today and is likely to remain range bound during the day - Nirmal Bang
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Market Summary:
* Indian markets closed on a positive note where buying was mainly seen in Realty, Cement, IT sectors. Nifty Dec Future closed at 18948.3 (up 73.80 points) at a premium of 135.80 pts to spot.
* FIIs were net sellers in Cash to the tune of 1566 Cr and were net sellers in index futures to the tune of 526.09 Cr.
* India VIX decreased by 3.24% to close at 13.36 touching an intraday high of 14.23.
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 18900, 18800 strike Puts and at 18900, 19000 strike Calls indicating market is likely to remain range bound during the day.
* Highest OI build-up is seen at 19000 strike Calls and 18800 strike Puts, to the tune of 19.91mn and 17.22mn respectively
Outlook on Nifty:
* Index is likely to open on a flattish 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
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
