27-08-2024 09:28 AM | Source: Nirmal Bang Ltd
FIIs were net buyers in Cash to the tune of 483.36 Cr and were net buyers in index futures to the tune of 3060.91 Cr - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Oil & Gas, Metals sectors. Nifty Aug Futures closed at 25043.30(up 189.30 points) at a premium of 32.70 pts to spot.

* FIIs were net buyers in Cash to the tune of 483.36 Cr and were net buyers in index futures to the tune of 3060.91 Cr.

* India VIX increased by 1.78% to close at 13.80 touching an intraday high of 13.99.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24800, 24900, 25000, 25100 strike Puts and at 25400, 25200, 25100, 25000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 13.01mn and 16.13mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

 

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