Index is likely to open on a negative note today and is likely to remain range bound during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on flat note where buying was mainly seen in Automobiles, Realty, Oil & Gas sectors. Nifty Aug Futures closed at 24910.45 (down 5.00 points) at a premium of 74.35 pts to spot.
* FIIs were net sellers in Cash to the tune of 2474.54 Cr and were net buyers in index futures to the tune of 1672.61 Cr.
* India VIX increased by 5.69% to close at 12.95 touching an intraday high of 13.26.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24800, 24900 strike Puts and at 25200, 25000, 24900, strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 13.28mn and 11.38mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a negative note today and is likely to remain range bound during the day.
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Nifty is expected to open on a negative note and likely to witness range bound move during t...
