India VIX decreased by 1.04% to close at 18.20 touching an intraday high of 18.90 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, FMCG, Automobiles Sectors. Nifty May Futures closed at 24640.20 (down 403.90 points) at a premium of 61.85 pts to spot.
* FIIs were net sellers in Cash to the tune of 476.86 Cr and were net sellers in index futures to the tune of 6668.28 Cr.
* India VIX decreased by 1.04% to close at 18.20 touching an intraday high of 18.90.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25100, 25000, 24900, 24800 strike Calls and liquidation at 24500, 24600, 24700 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 23.46mn and 11.77mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on gap up note today and is likely to remain range bound during the day.
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