IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Automobile sectors. Nifty April Future closed at 14698.40 (down 60.65 points) at a premium of 60.65 pts to spot.

* FIIs were net sellers in Cash to the tune of 931.66 Cr and were net sellers in index futures to the tune of 1802.76 Cr.

* India VIX increased by 6.14% to close at 21.22 touching an intraday high of 23.31.

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 14800 strike Calls while liquidation was seen at 14800, 14700, 14600 strike Puts 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 7.29mn and 8.59mn respectively.

Outlook on Nifty:

* Index is likely to open on a flat 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