IGI Logo

Market Summary:

* Indian markets closed on a flattish note where selling was mainly seen in IT, Telecom, FMCG sectors. Nifty March Future closed at 14959.70 (down 9.05 points) at a premium of 49.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 1692 Cr and were net buyers in index futures to the tune of 275.16 Cr.

* India VIX decreased by 4.88% to close at 20.19 touching an intraday high of 21.23.

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 15000, 14900, 14600 strike Puts and at 15200, 15100, 15000 strike Calls indicating that the index is likely to remain range bound in the near term.

* Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 6.49mn and 6.13mn 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