FIIs net sell Rs.2306.88 Cr in Cash, buy Rs.335.48 Cr in Index Futures - Nirmal Bang Ltd
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Summary
* Indian markets closed on a flat note where selling was mainly seen in Metals, Oil & Gas, Pharmaceutical Sectors. Nifty Nov Futures closed at 24226.30 (up 6.45 points) at a premium of 85.00 pts to spot.
* FIIs were net sellers in Cash to the tune of 2306.88 Cr and were net buyers in index futures to the tune of 335.48 Cr.
* India VIX decreased by 1.38% to close at 14.27 touching an intraday high of 15.47.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 24100, 24200 strike Puts and at 24500, 24400, 24300, 24200 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 14.96mn and 12.87mn respectively.
Open Interest in Nifty Options:
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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