FIIs were net sellers in Cash to the tune of 4329.79 Cr and were net sellers in index futures to the tune of 580.38 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Automobiles, FMCG, Oil & Gas Sectors. Nifty Nov Futures closed at 24114.65 (down 269.00 points) at a premium of 119.30 pts to spot.
* FIIs were net sellers in Cash to the tune of 4329.79 Cr and were net sellers in index futures to the tune of 580.38 Cr.
* India VIX increased by 5.01% to close at 16.69 touching an intraday high of 17.60
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23600, 23800, 23900, 24000 strike Puts and at 24300, 24200, 24100, 24000 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 8.58mn and 13.00mn 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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