FIIs were net buyers in Cash to the tune of 1157.70 Cr and were net sellers in index futures to the tune of 1131.10 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on a flat note where selling was mainly seen in Automobiles, Pharmaceuticals, Oil & Gas Sectors. Nifty Nov Futures closed at 24217.10 (down 56.40 points) at a premium of 22.60 pts to spot.
* FIIs were net buyers in Cash to the tune of 1157.70 Cr and were net sellers in index futures to the tune of 1131.10 Cr.
* India VIX increased by 0.01% to close at 15.31 touching an intraday high of 16.26.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23900, 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 24500 strike Calls and 24000 strike Puts, to the tune of 13.42mn and 14.47mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain range bound during the day.
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Nifty is expected to open on a positive note and likely to witness range bound move during t...