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 negative note where selling was mainly seen in Information Technology, Banking and Metals sectors. Nifty Apr Futures closed at 22200.75 (down 156.55 points) at a premium of 52.85 pts to spot.
* FIIs were net sellers in Cash to the tune of 4468.09 Cr and were net sellers in index futures to the tune of 3153.99 Cr.
* India VIX increased by 1.18% to close at 12.62 touching an intraday high of 12.93.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22100, 21900, 21800, 21700 strike Puts and at 22300, 22200, 22100 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 16.17mn and 16.28mn respectively.
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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Markets are expected to open on a flattish note and likely to remain sideways move during th...
