India VIX increased by 1.81% to close at 16.25 touching an intraday high of 16.76 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in FMCG, Financial Services, Realty Sectors. Nifty May Futures closed at 24373.00(Up 60.30 points) at a premium of 126.30 pts to spot.
* FIIs were net buyers in Cash to the tune of 8250.53 Cr and were net buyers in index futures to the tune of 955.57 Cr.
* India VIX increased by 1.81% to close at 16.25 touching an intraday high of 16.76
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24500, 24400, 24300, 24200 strike Calls and at 24000, 24100, 24200, 24300 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 25000
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a gap up note today and is likely to remain positive during the day.
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