Index is likely to open on a flattish note today and is likely to remain positive during the day-Nirmal Bang
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Summary
* Indian markets closed on a flat note where buying was mainly seen in Oil & Gas, Metal, Banking sectors. Nifty Apr Future closed at 17782.30 (up 18.40 points) at a premium of 13.05 pts to spot.
* FIIs were net sellers in Cash to the tune of 407.35 Cr and were net buyers in index futures to the tune of 527.13 Cr.
* India VIX decreased by 1.26% to close at 11.52 touching an intraday high of 11.81.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 18000, 17900, 17800 strike Calls and at 17800, 17700, 17500 strike Puts indicating that the index is likely to remain positive in the near term.
* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 16.81mn and 17.22mn respectively.
Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to remain positive during the day.
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