IGI Logo

Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Automobile sectors. Nifty Oct Future closed at 19128 (down 141.20 points) at a premium of 5.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 4237 Cr and were net sellers in index futures to the tune of 151.70 Cr.

* India VIX increased by 3.73% to close at 11.31 touching an intraday high of 12.18. 

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 19200, 19100, 19000 strike Puts and at 19300, 19400, 19500 strike Calls neutral to bearish undertone in the market in the near term.

* Highest OI build-up is seen at 19500 strike Calls and 19000 strike Puts, to the tune of 18.91mn and 22.59mn respectively. 

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain cautious during the day.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx

SEBI Registration number is INH000001766