FIIs were net sellers in Cash to the tune of 4445.59 Cr and were net sellers in index futures to the tune of 482.39 Cr - Nirmal Bang Ltd
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Summary
* Indian markets closed on a positive note where buying was mainly seen in IT, Automobiles, Oil & Gas Sectors. Nifty Nov Futures closed at 24587.10 (up 291.65 points) at a premium of 103.05 pts to spot.
* FIIs were net sellers in Cash to the tune of 4445.59 Cr and were net sellers in index futures to the tune of 482.39 Cr.
* India VIX decreased by 8.20% to close at 14.87 touching an intraday high of 20.75.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24200, 24300, 24400, 24500 strike Puts and at 24800, 24700, 24600, 24500 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 14.52mn and 18.55mn respectively.
Outlook on Nifty:
Index is likely to open on a gap down note today and is likely to remain range bound during the day.
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