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 flattish note where buying was mainly seen in IT, Realty, Consumer Durables Sectors. Nifty Jan Futures closed at 23265.90 (down 5.85 points) at a premium of 52.70 pts to spot.
* FIIs were net sellers in Cash to the tune of 4533.49 Cr and were net buyers in index futures to the tune of 186.64 Cr.
* India VIX decreased by 1.37% to close at 15.26 touching an intraday high of 15.66.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23500, 23400, 23300, 23200 strike Calls and at 23000, 23100, 23200 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 23300 strike Calls and 23000 strike Puts, to the tune of 17.03mn and 21.38mn 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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