Nifty options where Addition in OI were seen in 14800 - Nirmal Bang
Market Summary:
*Indian markets closed on a positive note where buying was mainly seen in Chemicals, Metals, IT sectors. Nifty April Future closed at 14913.50 (up 305.05 points) at a premium of 68.45 pts to spot.
*FIIs were net buyers in Cash to the tune of 769 Cr .
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, 14700, 14600, 14500 strike Puts and at 15100, 15200 15000 strike Calls indicating that the index is likely to remain range-bound in the near term.
*Highest OI build-up is seen at 15000 strike Call and 14500 strike Put, to the tune of 7.33mn and 8.04mn respectively.
Outlook on Nifty:
*Index is likely to open on a flattish note today and is likely to remain range-bound during the day
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