FIIs Net Sellers : Rs.2035.10 Cr in Cash, Rs.277.64 Cr in Index Futures - Nirmal Bang Ltd
Summary
* Indian markets closed on flat note where selling was mainly seen in IT, Pharmaceuticals, Banking Sectors. Nifty Mar Futures closed at 22649.95 (up 29.00 points) at a premium of 97.45 pts to spot.
* FIIs were net sellers in Cash to the tune of 2035.10 Cr and were net sellers in index futures to the tune of 277.64 Cr.
* India VIX decreased by 1.85% to close at 13.47 touching an intraday high of 13.86.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22800, 22700, 22600 strike Calls and at 22300, 22400, 22500, 22600 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 17.36mn and 18.96mn respectively.
Outlook on Nifty:
Index is likely to open on a negative note today and is likely to remain range bound during the day.
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Nifty is expected to open on a negative note and likely to witness range bound move during t...
