Index is likely to open on a gap up note today and is likely to remain positive during the day by Nirmal Bang Ltd
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Summary
* Indian markets closed on a flattish note where buying was mainly seen in Information technology, Media and Realty sectors. Nifty Jul Futures closed at 24203.15 (down 3.10 points) at a premium of 79.30 pts to spot.
* FIIs were net sellers in Cash to the tune of 2000.12 Cr and were net sellers in index futures to the tune of 237.13 Cr.
* India VIX decreased by 1.37% to close at 13.64 touching an intraday high of 14.01.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 24100, 24200 strike Puts and at 24500, 24400, 24300, 24200 strike Calls indicating market is likely to remain positive in near term.
* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 11.64mn and 15.16mn 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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