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 buying was mainly seen in Metals, Realty, Oil & Gas sectors. Nifty Aug Futures closed at 24356.80 (down 44.70 points) at a premium of 9.80 pts to spot.
* FIIs were net sellers in Cash to the tune of 4680.51 Cr and were net sellers in index futures to the tune of 422.97 Cr.
* India VIX increased by 3.47% to close at 15.87 touching an intraday high of 16.56.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 24100, 24200, 24300 strike Puts and at 24600, 24500, 24400 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 9.85mn and 14.00mn 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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