01-07-2024 09:46 AM | Source: Nirmal Bang Ltd
Indian markets closed on a flattish note where buying was mainly seen in Pharmaceuticals by Nirmal Bang Ltd

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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Pharmaceuticals, Metals and Oil & Gas sectors. Nifty Jul Futures closed at 24132.25 (up 36.40 points) at a premium of 122.15 pts to spot.

* FIIs were net sellers in Cash to the tune of 23.09 Cr and were net buyers in index futures to the tune of 1711.34 Cr.

* India VIX decreased by 3.28% to close at 13.80 touching an intraday high of 14.29.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23800, 23900, 24000, 24100 strike Puts and at 24300, 24200 strike Calls indicating market is likely to remain range bound in near term.

* Highest OI build-up is seen at 24000 strike Calls and 24000 strike Puts, to the tune of 9.13mn and 11.41mn respectively.

 

Open Interest in Nifty Options

 

 

Outlook on Nifty: Index is likely to open on a flattish note today and is likely to remain range bound during the day.

 

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