FIIs were net buyers in Cash to the tune of 348.45 Cr and were net sellers in index futures to the tune of 2989.05 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in FMCG, Automobiles, Oil & Gas Sectors. Nifty May Futures closed at 24862.60 (down 173.30 points) at a premium of 36.40 pts to spot.
* FIIs were net buyers in Cash to the tune of 348.45 Cr and were net sellers in index futures to the tune of 2989.05 Cr.
* India VIX increased by 2.85% to close at 18.54 touching an intraday high of 19.19
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24900, 24800 strike Calls and at 24800, 24900 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 20.47mn and 14.82mn respectively
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a flat note today and is likely to remain range bound during the day.
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