IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Cement, Finance, IT sectors. Nifty May Future closed at 16104.7 (down 78.65 points) at a discount of 34.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 2393 Cr and were net sellers in index futures to the tune of 643.94 Cr.

* India VIX increased by 9.56% to close at 25.64 touching an intraday high of 25.99.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 16000, 15800, 15700 strike Puts and at in 16500, 16400, 16100 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 16500 strike Calls and 16000 strike Puts, to the tune of 10.67mn and 12.08mn respectively.

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain range bound during the day.

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html

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