FIIs were net sellers in Cash to the tune of 3937.83 Cr and were net buyers in index futures to the tune of 588.31 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on flat note where buying was mainly seen in Pharmaceuticals, Metals, Oil & Gas Sectors. Nifty Feb Futures closed at 23026.40 (up 30.75 points) at a premium of 66.90 pts to spot.
* FIIs were net sellers in Cash to the tune of 3937.83 Cr and were net buyers in index futures to the tune of 588.31 Cr.
* India VIX increased by 4.71% to close at 15.72 touching an intraday high of 16.31.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23400, 23200, 23000, 22900 strike Calls and at 22700, 22800, 22900, 23000 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 23500 strike Calls and 23000 strike Puts, to the tune of 15.65mn and 13.26mn respectively.
Open Interest in Nifty Options:
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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