IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Metals, Technology sectors. Nifty July Future closed at 15932.5 (down 47.35 points) at a discount of 6.10 pts to spot.

* FIIs were net buyers in Cash to the tune of 309 Cr and were net sellers in index futures to the tune of 601.97 Cr.

* India VIX decreased by 0.97% to close at 18.34 touching an intraday high of 18.69

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 15900, 15800, 15700 strike Puts and at 15900, 16000 strike Call indicating that the index is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 16000 strike Calls and 15900 strike Puts, to the tune of 15.54mn and 11.48mn respectively.

Outlook on Nifty:

* Index is likely to open on a flattish note today and is likely to remain range-bound during the day

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
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