IGI Logo

Market Review:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Metals, Automobile sectors. Nifty Jan Future closed at 17409.90 (up 208.25 points) at a premium of 55.90 pts to spot.

* FIIs were net buyers in Cash to the tune of 575.39 Cr and were net buyers in index futures to the tune of 883.97 Cr.

* India VIX decreased by 2.06% to close at 16.22 touching an intraday high of 16.77.

Nifty Technical Outlook

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 17400, 17300, 17200, 17000 strike Puts and at 17300, 17400, 17500, 18000 strike Calls indicating market is likely to remain bullish in the near term.

* Highest OI build-up is seen at 18000 strike Call and 17000 strike Put, to the tune of 6.93mn and 8.28mn respectively.

Outlook on Nifty:

Index is likely to open on a positive today and is likely to remain positive 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