Index is likely to open on a flat note today and is likely to remain positive during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Oil & Gas, Realty sectors. Nifty Sept Futures closed at 25917.85 (up 150.10 points) at a discount of 21.20 pts to spot.
* FIIs were net buyers in Cash to the tune of 404.42 Cr and were net buyers in index futures to the tune of 188.35 Cr.
* India VIX increased by 7.77% to close at 13.79 touching an intraday high of 14.03.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25700, 25800, 25900 strike Puts and at 26200, 26000, 25900 strike Calls indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 25500 strike Puts, to the tune of 13.27mn and 11.31mn respectively.
Outlook on Nifty:
Index is likely to open on a flat note today and is likely to remain positive during the day.
Open Interest in Nifty Options:
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Nifty is expected to open on a positive note and likely to witness range bound move may be s...
