Index is likely to open on a flat note today and is likely to remain range bound during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on a flat note where buying was mainly seen in FMCG, Information Technology, Oil & Gas sectors. Nifty Sept Futures closed at 25340.45 (down 36.45 points) at a premium of 61.75 pts to spot.
* FIIs were net buyers in Cash to the tune of 1735.46 Cr and were net sellers in index futures to the tune of 600.18 Cr.
* India VIX increased by 4.98% to close at 14.06 touching an intraday high of 14.25
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 25100, 25300 strike Puts and at 25600, 25500, 25400, 25300 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 20.65mn and 16.98mn 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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