Index is likely to open on a positive note today and is likely to remain positive during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on a positive note where buying was mainly seen in Metal, IT, Auto sectors. Nifty Aug Future closed at 19843.95 (up 92.15 points) at a premium of 90.15 pts to spot.
* FIIs were net sellers in Cash to the tune 701 Cr and were net sellers in index futures to the tune of 730.50 Cr.
* India VIX increased by 2.73% to close at 10.41 touching an intraday high of 11.19.
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 19700, 19600, 19500 strike Puts and at 19900, 20000 strike Calls indicating that the market is likely to be remain positive in the near term.
* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 12.80mn and 13.98mn 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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