IGI Logo

Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Technology sectors. Nifty March Future closed at 17362.80 (up 204.15 points) at a premium of 47.30 pts to spot.

* FIIs were net buyers in Cash to the tune of 384.48 Cr and were net buyers in index futures to the tune of 901.09 Cr.

* India VIX decreased by 2.24% to close at 24.07 touching an intraday high of 25.16

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 17400, 17300, 17100, 17000 strike Puts while liquidation was seen in 17200, 17300, 17100 strike Calls indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 17500 strike Calls and 16500 strike Puts, to the tune of 8.28mn and 10.16mn respectively

Outlook on Nifty:

* Index is likely to open on a positive 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