IGI Logo

Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Information Technology, Oil & Gas sectors. Nifty Sept Futures closed at 25247.80 (down 106.75 points) at a premium of 49.10 pts to spot.

* FIIs were net buyers in Cash to the tune of 975.46 Cr and were net sellers in index futures to the tune of 1333.46 Cr.

* India VIX increased by 3.86% to close at 14.38 touching an intraday high of 14.56.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 25100, 25200 strike Puts and at 25400, 25300, 25200 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 22.67mn and 25.81mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766