IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Automobile sectors. Nifty July Future closed at 15785.60 (down 69.35 points) at a premium of 37.15 pts to spot.

* FIIs were net buyers in Cash to the tune of 116.63 Cr and were net sellers in index futures to the tune of 1300.82 Cr.

* India VIX decreased by 2.98% to close at 13.00 touching an intraday high of 13.40.

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 15700, 15500 strike Puts and at 15700, 15800, 15900 strike Calls indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 16000 strike Call and 15500 strike Put, to the tune of 9.47mn and 7.60mn 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://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