FIIs were net sellers in Cash to the tune of 4994.24 Cr and were net sellers in index futures to the tune of 331.16 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on positive note where buying was mainly seen in FMCG, Metals, Oil & Gas Sectors. Nifty Apr Futures closed at 22630.35 (up 366.55 points) at a premium of 94.50 pts to spot.
* FIIs were net sellers in Cash to the tune of 4994.24 Cr and were net sellers in index futures to the tune of 331.16 Cr.
* India VIX decreased by 10.31% to close at 20.44 touching an intraday high of 22.79.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23000, 22900, 22800, 22600 strike Calls and at 22300, 22400, 22500, 22600 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 17.46mn and 16.03mn 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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