Index is likely to open on a gap up note today and is likely to remain positive during the day. - Nirmal Bang Ltd
Summary
* Indian markets closed on positive note where buying was mainly seen in Automobiles, Pharmaceuticals, Banking Sectors. Nifty Mar Futures closed at 22584.30 (up 140.05 points) at a premium of 75.55 pts to spot.
* FIIs were net sellers in Cash to the tune of 4488.45 Cr and were net buyers in index futures to the tune of 1899.27 Cr.
* India VIX increased by 1.01% to close at 13.42 touching an intraday high of 14.10
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22800, 22700, 22600 strike Calls and at 22300, 22400, 22500, 22600 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 19.07mn and 22.23mn 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.
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SEBI Registration number is INH00000176
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Market is expected to open on a gap up note and likely to witness positive move during the d...
