IGI Logo

Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Pharma, Technology, Automobile sectors. Nifty April Future closed at 14645.70 (up 53.70 points) at a premium of 27.85 pts to spot.

* FIIs were net buyers in Cash to the tune of 437.51 Cr and were net buyers in index futures to the tune of 54.70 Cr.

* India VIX decreased by 2.33% to close at 20.40 touching an intraday high of 21.09.

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 strike Puts while liquidation was seen in 14600, 14700, 15000 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 6.66mn and 8.55mn respectively

Outlook on Nifty:

* Index is likely to open on a gap down 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