IGI Logo

Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Metals sectors. Nifty July Future closed at 15888.00 (up 96.55 points) at a premium of 27.65 pts to spot.

* FIIs were net sellers in Cash to the tune of 678.84 Cr and were net sellers in index futures to the tune of 857.72 Cr.

* India VIX decreased by 11.45% to close at 13.37 touching an intraday high of 15.27.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 15800, 15700, 15500 strike Puts and at 15700, 15800, 15900, 16000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 16000 strike Call and 15500 strike Put, to the tune of 6.22mn and 7.54mn respectively

Outlook on Nifty:

* Index is likely to open on a flattish 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