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 flat note where selling was mainly seen in IT, Consumer Durables, Metals Sectors. Nifty June Futures closed at 24826.30 (down 44.90 points) at a premium of 109.70 pts to spot.
* FIIs were net sellers in Cash to the tune of 2589.47 Cr and were net sellers in index futures to the tune of 946.85 Cr.
* India VIX increased by 6.71% to close at 17.16 touching an intraday high of 17.73.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24700, 24600 strike Calls and at 24500, 24600, 24700 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 17.63mn and 12.71mn 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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