IGI Logo

Summary

* Indian markets closed on negative note where selling was mainly seen in Automobiles, Metals, Financial Services Sectors. Nifty Apr Futures closed at 22263.80 (down 694.35 points) at a premium of 102.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 9040.01 Cr and were net sellers in index futures to the tune of 3334.87 Cr.

* India VIX increased by 65.70% to close at 22.79 touching an intraday high of 23.19.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22300, 22200, 22100, 22000 strike Calls and at 21800, 21900, 22000, 22100 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 22000 strike Calls and 22000 strike Puts, to the tune of 10.67mn and 17.67mn 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 INH00000176