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05-07-2021 09:22 AM | Source: Nirmal Bang Ltd
Index is likely to open on a positive note today and is likely to remain positive during the day - Nirmal Bang
News By Tags | #879 #9

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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in IT, Metals, Auto sectors. Nifty May Future closed at 14769.9 (up 90.85 points) at a premium of 45.15 pts to spot.

* FIIs were net buyers in Cash to the tune of 1223 Cr and were net sellers in index futures to the tune of 251.29 Cr.

* India VIX increased by 0.33% to close at 22.04 touching an intraday high of 22.61.

 

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 14700, 14600, 14500 strike Puts while liquidation was seen at 14600, 14900, 15000 strike Calls indicating neutral to bullish undertone in the market during the day

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 10.44mn and 9.72mn respectively

 

Outlook on Nifty:

* Index is likely to open on a positive note today and is likely to remain positive during the day.

 

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