04-12-2024 09:12 AM | Source: Nirmal Bang Ltd
FIIs were net buyers in Cash to the tune of 3664.67 Cr and were net buyers in index futures to the tune of 2073.12 Cr - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, IT, Pharmaceuticals Sectors. Nifty Dec Futures closed at 24547.00 (up 118.50 points) at a premium of 89.85 pts to spot.

* FIIs were net buyers in Cash to the tune of 3664.67 Cr and were net buyers in index futures to the tune of 2073.12 Cr.

* India VIX decreased by 2.22% to close at 14.37 touching an intraday high of 14.89.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24200, 24300, 24400, 24500 strike Puts and at 24900, 24800, 24700, 24600 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 20.93mn and 23.41mn respectively.

Open Interest in Nifty Options:

 

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain positive during the day.

 

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