FIIs were net buyers in Cash to the tune of 7941 Cr and were net buyers in index futures to the tune of 117.75 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in Finance, Banking, Realty Sectors. Nifty June Futures closed at 25111.70 (up 308.60 points) at a discount of 0.70 pts to spot.
* FIIs were net buyers in Cash to the tune of 7941 Cr and were net buyers in index futures to the tune of 117.75 Cr.
* India VIX decreased by 4.08% to close at 13.67 touching an intraday high of 14.26.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25400, 25100, 25000 strike Calls and at 25100, 25000, 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 15.95mn and 19.56mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a gap down note today and is likely to remain range bound during the day.
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