FIIs Sell Rs.2519.03 Cr in Cash, Buy Rs.2418.16 Cr in Index Futures - Nirmal Bang Ltd
Summary
* Indian markets closed on positive note where buying was mainly seen in Automobiles, Metals, Pharmaceutical Sectors. Nifty Apr Futures closed at 22917.65 (Up 438.00 points) at a premium of 89.10 pts to spot.
* FIIs were net sellers in Cash to the tune of 2519.03 Cr and were net buyers in index futures to the tune of 2418.16 Cr.
* India VIX decreased by 6.17% to close at 20.11 touching an intraday high of 21.43.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23300, 23200, 23100, 22900 strike Calls and at 22600, 22700, 22800 22900 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 23500 strike Calls and 22500 strike Puts, to the tune of 12.99mn and 10.44mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a gap up note today and is likely to remain positive during the day.
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