Index is likely to open on a flat note today and is likely to remain range bound during the day - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in IT, Automobiles, Metals Sectors. Nifty May Futures closed at 25035.90 (up 156.00 points) at a premium of 34.75 pts to spot.
* FIIs were net buyers in Cash to the tune of 135.98 Cr and were net buyers in index futures to the tune of 565.20 Cr.
* India VIX increased by 4.29% to close at 18.02 touching an intraday high of 18.41.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25100, 25000 strike Calls and at 24800, 24900, 25000, 25100 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 25000 strike Puts, to the tune of 16.64mn and 15.00mn respectively.
Open Interest in Nifty Options:
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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Market is expected to open on a flattish note and likely to witness range bound move during ...
