22-11-2023 09:11 AM | Source: Nirmal Bang Ltd
Index is likely to open on a flat note today and is likely to remain range-bound during the day -Nirmal Bang

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Metals, Pharma sectors. Nifty Nov Future closed at 19841.30 (up 90.10 points) at a premium of 57.90 pts to spot.

* FIIs were net sellers in Cash to the tune of 455.59 Cr and were net buyers in index futures to the tune of 668.20 Cr.

* India VIX increased by 0.69% to close at 12.23 touching an intraday high of 12.44.

 

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 19800, 19700 strike Puts and at 19900, 20000 strike Calls indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 19800 strike Calls and 19000 strike Puts, to the tune of 14.75mn and 17.25mn respectively.

 

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain range-bound during the day

 

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx

SEBI Registration number is INH000001766

 

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer