FIIs were net sellers in Cash to the tune of 3449.15 Cr and were net buyers in index futures to the tune of 18.34 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on negative note where selling was mainly seen in Banking, Automobile, Pharmaceutical Sectors. Nifty Feb Futures closed at 22822.60 (down 119.90 points) at a premium of 26.70 pts to spot.
* FIIs were net sellers in Cash to the tune of 3449.15 Cr and were net buyers in index futures to the tune of 18.34 Cr.
* India VIX decreased by 1.03% to close at 14.53 touching an intraday high of 15.24.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23100, 23000, 22900, 22800 strike Calls and at 22500, 22600, 22700, 22800 strike Puts indicating market is likely to remain under pressure in the near term.
* Highest OI build-up is seen at 23000 strike Calls and 23000 strike Puts, to the tune of 15.18mn and 12.43mn 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 under pressure during the day.
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