IGI Logo

Market Review

* Indian markets closed on a flat note where buying was mainly seen in Automobiles, Banking, Realty Sectors. Nifty Nov Futures closed at 23601.70 (down 56.85 points) at a premium of 69.00 pts to spot.

* FIIs were net sellers in Cash to the tune of 1849.87 Cr and were net sellers in index futures to the tune of 405.40 Cr.

* India VIX decreased by 4.27% to close at 14.78 touching an intraday high of 15.69.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23300, 23400, 23500, 23600 strike Puts and at 23800, 23700, 23600 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 10.56mn and 13.70mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain range bound during the day

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766