IGI Logo

Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Pharmaceuticals, Metals sectors. Nifty Oct Futures closed at 24949.15 (up 105.35 points) at a premium of 95.10 pts to spot.

* FIIs were net sellers in Cash to the tune of 5485.70 Cr and were net buyers in index futures to the tune of 679.07 Cr.

* India VIX decreased by 2.61% to close at 13.04 touching an intraday high of 14.06

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25100, 24900 strike Calls and at 24600, 24700, 24800, 24900 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 12.23mn and 10.68mn 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