FIIs were net sellers in Cash to the tune of 5045.36 Cr and were net sellers in index futures to the tune of 3169.25 Cr - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, FMCG, Automobiles Sectors. Nifty May Futures closed at 24652.20 (down 180 points) at a premium of 42.50 pts to spot.
* FIIs were net sellers in Cash to the tune of 5045.36 Cr and were net sellers in index futures to the tune of 3169.25 Cr.
* India VIX decreased by 1.65% to close at 17.26 touching an intraday high of 18.20..
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24900, 24800, 24700 strike Calls and at 24500, 24600, 24700, 24800 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 13.81mn and 10.03mn respectively
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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Indian market benchmarks ended sharply lower today - Nirmal Bang Ltd
