FIIs were net sellers in Cash to the tune of 11,756.25 Cr and were net sellers in index futures to the tune of 1967.85 Cr - Nirmal Bang Ltd
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Summary
* Indian markets closed on a negative note where selling was mainly seen in Automobiles, IT, Banking Sectors. Nifty Dec Futures closed at 24115.25 (down 184.30 points) at a premium of 201.10 pts to spot.
* FIIs were net sellers in Cash to the tune of 11,756.25 Cr and were net sellers in index futures to the tune of 1967.85 Cr.
* India VIX increased by 3.96% to close at 15.21 touching an intraday high of 15.56.
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23800, 23900, 24000, 24100 strike Puts and addition at 24100, 24000 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 11.24mn and 12.22mn respectively.
Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to remain range bound during the day.
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