FIIs were net sellers in Cash to the tune of 1263.52 Cr and were net sellers in index futures to the tune of 776.13 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in FMCG, Metals, Oil & Gas Sectors. Nifty June Futures closed at 24727.40 (down 210.00 points) at a premium of 8.80 pts to spot.
* FIIs were net sellers in Cash to the tune of 1263.52 Cr and were net sellers in index futures to the tune of 776.13 Cr.
* India VIX increased by 7.59% to close at 15.08 touching an intraday high of 15.98.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24600, 24700 strike Puts and at 25000, 24900, 24800 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 18.80mn and 11.39mn respectively.
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain range bound during the day.
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Market is expected to open on a positive note and likely to witness positive move during the...
