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 IT, Financial Services, Metal sectors. Nifty Mar Futures closed at 22433.25 (down 64.70 points) at a premium of 76.95 pts to spot.
* FIIs were net buyers in Cash to the tune of 574.28 Cr and were net sellers in index futures to the tune of 1401.40 Cr.
* India VIX decreased by 3.63% to close at 14.38 touching an intraday high of 15.17.
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 22600, 22500, 22400 strike Puts and addition at 22500, 22600, 22700 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 14.11mn and 14.83mn 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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Markets are expected to open on a flattish note and likely to remain sideways move during th...
