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20-12-2024 09:31 AM | Source: Nirmal Bang Ltd
FIIs were net sellers in Cash to the tune of 4224.92 Cr and were net sellers in index futures to the tune of 1519.35 Cr - Nirmal Bang Ltd

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Summary

* Indian markets closed on negative note where selling was mainly seen in Banking, Metals, IT Sectors. Nifty Dec Futures closed at 24018.80 (down 238.55 points) at a premium of 67.10 pts to spot.

* FIIs were net sellers in Cash to the tune of 4224.92 Cr and were net sellers in index futures to the tune of 1519.35 Cr.

* India VIX increased by 0.95% to close at 14.51 touching an intraday high of 15.44.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23800, 23900, 24000 strike Puts and at 24400, 24300, 24200, 24100 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 8.57mn and 19.14mn respectively.

 

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain range bound during the day.

 

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