IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Realty, Metals sectors. Nifty July Future closed at 15735.4 (down 151 points) at a premium of 7.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 555 Cr and were net sellers in index futures to the tune of 2937.52 Cr.

* India VIX increased by 11.03% to close at 13.56 touching an intraday high of 14.01.

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 16200, 16100, 15800 strike Calls while liquidation was seen at 15800, 15800 strike Puts indicating market is likely to remain range bound in near term.

* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 11.31mn and 9.41mn 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