Index is likely to open on a positive note today and is likely to remain positive during the day - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Banking, Information Technology sectors. Nifty Aug Futures closed at 24585.50 (up 410.85 points) at a premium of 44.35 pts to spot.
* FIIs were net buyers in Cash to the tune of 766.52 Cr and were net buyers in index futures to the tune of 2323.23 Cr.
* India VIX decreased by 6.68% to close at 14.40 touching an intraday high of 15.44.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24300, 24400, 24500 strike Puts and at 24800, 24700, 24600 strike Calls indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 13.89mn and 13.42mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain positive during the day.
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