IGI Logo

Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Cement, IT sectors. Nifty May Future closed at 15333.5 (up 30.55 points) at a discount of 4.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 661 Cr and were net buyers in index futures to the tune of 2636.94 Cr

* India VIX increased by 4.61% to close at 19.91 touching an intraday high of 21.32.

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 15400, 15300, 15000 strike Puts and at 15500, 15400, 15300 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 1.48mn and 2.55mn respectively.

Outlook on Nifty:

* Index is likely to open on a positive note 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