17-11-2023 09:01 AM | Source: Nirmal Bang Ltd
FIIs were net buyers in Cash to the tune of 957.25 Cr - Nirmal Bang

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Pharma, Automobile, Technology sectors. Nifty Nov Future closed at 19829.70 (up 106.40 points) at a premium of 64.50 pts to spot.

* FIIs were net buyers in Cash to the tune of 957.25 Cr and were net buyers in index futures to the tune of 1573.53 Cr.

* India VIX increased by 4.60% to close at 11.65 touching an intraday high of 11.81.

 

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 19700, 19800, 19900 strike Puts and at 19800, 19900, 20000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 19800 strike Calls and 19700 strike Puts, to the tune of 27.74mn and 22.14mn respectively.

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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