Index is likely to open on a flattish note today and is likely to remain positive during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Pharmaceuticals, Oil & Gas sectors. Nifty Jul Futures closed at 24621.70 (up 100.10 points) at a premium of 35.00 pts to spot.
* FIIs were net buyers in Cash to the tune of 2684.78 Cr and were net buyers in index futures to the tune of 1335.17 Cr.
* India VIX increased by 3.36% to close at 14.19 touching an intraday high of 14.34
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24600, 24500, 24300 strike Puts and at 24900, 24800, 24700, 24600 strike Calls indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 15.55mn and 15.46mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to remain positive during the day
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