Index is likely to open on a flat note today and is likely to remain range bound during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on a negative note where selling was mainly seen in Technology, Finance, Banking sectors.
* Nifty Aug Future closed at 19331.50 (down 62.40 points) at a premium of 21.35 pts to spot.
* FIIs were net sellers in Cash to the tune of 266.98 Cr and were net buyers in index futures to the tune of 1071.06 Cr.
* India VIX decreased by 0.79 to close at 12.14 touching an intraday high of 12.49.
Open Interest in Nifty Options:
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19300, 19200 strike Calls while liquidation was seen at 19000, 19100, 19200 strike Puts indicating that the market is likely to be remain rangebound in the near term.
* Highest OI build-up is seen at 19400 strike Calls and 19000 strike Puts, to the tune of 13.58mn and 17.12mn respectively.
Outlook on Nifty:
Index is likely to open on a flat note today and is likely to remain range bound during the day.
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