FIIs were net sellers in Cash to the tune of 238.28 Cr and were net sellers in index futures to the tune of 582.06 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in Automobiles, IT, Pharmaceuticals Sectors. Nifty Dec Futures closed at 24428.50 (up 124.35 points) at a premium of 152.45 pts to spot.
* FIIs were net sellers in Cash to the tune of 238.28 Cr and were net sellers in index futures to the tune of 582.06 Cr.
* India VIX increased by 1.90% to close at 14.70 touching an intraday high of 15.08.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 24100, 24200, 24300 strike Puts and at 24700, 24600, 24500, 24400 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 24000 strike Puts, to the tune of 20.53mn and 20.89mn respectively.
Open Interest in Nifty Options:
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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Market is expected to open on a flattish note and likely to witness range bound move during ...