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 flat note where buying was mainly seen in FMCG, IT, Automobiles Sectors. Nifty Dec Futures closed at 24734.90 (up 52.30 points) at a premium of 93.10 pts to spot.
* FIIs were net sellers in Cash to the tune of 1012.24 Cr and were net sellers in index futures to the tune of 130.84 Cr.
* India VIX decreased by 3.70% to close at 13.27 touching an intraday high of 14.11.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24400, 24500, 24600, 24700 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 24.32mn and 23.44mn 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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