Index is likely to open on a flattish 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, Oil & Gas sectors. Nifty Jul Futures closed at 24375.60 (down 3.80 points) at a premium of 55.05 pts to spot.
* FIIs were net buyers in Cash to the tune of 60.98 Cr and were net sellers in index futures to the tune of 473.46 Cr.
* India VIX increased by 7.12% to close at 13.60 touching an intraday high of 13.76.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24300, 24200, 24100, 24000 strike Puts and at 24300, 24400, 24500 strike Calls indicating market is likely to remain range bound in near term.
* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 14.38mn and 14.37mn 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
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