India VIX increased by 10.21% to close at 21.01 touching an intraday high of 21.89 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Automobiles, Pharmaceuticals, Metals Sectors. Nifty May Futures closed at 24271.90 (down 189.50 points) at a discount of 1.90 pts to spot.
* FIIs were net buyers in Cash to the tune of 2007.96 Cr and were net buyers in index futures to the tune of 1338.64 Cr.
* India VIX increased by 10.21% to close at 21.01 touching an intraday high of 21.89.
* 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 23900, 24000, 24100, 24200 strike Puts indicating market is likely to remain under pressure in the near term.
* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 9.34mn and 16.63mn respectively
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on gap down note today and is likely to remain under pressure during the day.
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