IGI Logo

Summary

* Indian markets closed on a flattish note where buying was mainly seen in FMCG, IT, Realty sectors. Nifty Jul Futures closed at 24644.45 (up 22.75 points) at a premium of 31.45 pts to spot.

* FIIs were net buyers in Cash to the tune of 1271.45 Cr and were net sellers in index futures to the tune of 58.44 Cr.

* India VIX decreased by 0.24% to close at 14.22 touching an intraday high of 14.59.

* 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 range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 18.36mn and 18.18mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish 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