Index is likely to open on a negative note today and is likely to remain range-bound during the day -
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/05c324291bb3b43b19ebd02f36e33c98.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Market Summary:
* Indian markets closed on a negative note where selling was mainly seen in Pharma, Realty, IT sectors. Nifty June Future closed at 16508.1 (down 69.50 points) at a discount of 14.65 pts to spot.
* FIIs were net sellers in Cash to the tune of 1930 Cr and were net sellers in index futures to the tune of 1276.11 Cr.
* India VIX increased by 1.79% to close at 20.85 touching an intraday high of 21.34.
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 16300, 16200, 16000 strike Puts and at 16600, 16800, 16900, 17000 strike Calls indicating that the index is likely to remain range-bound in the near term.
* Highest OI build-up is seen at 17000 strike Calls and 16000 strike Puts, to the tune of 21.05mn and 13.58mn respectively
Outlook on Nifty:
* Index is likely to open on a negative 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
![](https://portfolio.investmentguruindia.com/uploads/news/Power 2510.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Infrastructure28.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/NKSingh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Boman Irani and M D, President, CREDAI.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ITSEctor123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Growth Chart 50.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shripal Shah, MD & CEO, Kotak Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gold_29.12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Import export.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Crane_Sanghavi.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/d4223d58d24f3eb3c853c6bc8e9348e4.jpg)
The equity benchmark extended gains over third consecutive session ahead of Fed meet outcome...
![The Nifty started the expiry week with a negative gap (17756-17682) and saw range bound activity- ICICI direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/9d9f435a6f2c80d97431f937e0275c0e.jpg)
![Nifty has an immediate resistance placed at 16000 and on a decisive close above expect a rise to 16080-16150 levels - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/f24cc9f177077d628a23edf8e18e40e5.jpg)
![Index to resolve higher and gradually head towards the psychological mark of 17000 in coming sessions - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/f540c94dade9fc6bb48a05be5e43d13b.jpg)