IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Auto, Metals, Infra sectors. Nifty Sep Future closed at 17018.6 (down 10.10 points) at a premium of 11.25 pts to spot.

* FIIs were net sellers in Cash to the tune of 2824 Cr and were net sellers in index futures to the tune of 989.92 Cr.

* India VIX decreased by 1.48% to close at 21.57 touching an intraday high of 22.29.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen 17200, 17100, 17000, 16900 strike Calls and at 16900, 16700, 16600 strike Puts indicating market is likely to remain negative during the day.

* Highest OI build-up is seen at 17500 strike Calls and 17000 strike Puts, to the tune of 10.90mn and 10.06mn respectively.

Outlook on Nifty:

* Index is likely to open on a gap down note today and is likely to remain negative during the day.

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
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