Index is likely to open on a positive note today and is likely to remain positive during the day - Nirmal Bang
Summary
* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Metals sectors. Nifty Nov Future closed at 19538.10 (up 55.45 points) at a premium of 12.55 pts to spot.
* FIIs were net sellers in Cash to the tune of 261.81 Cr and were net sellers in index futures to the tune of 377.70 Cr.
* India VIX increased by 1.13% to close at 10.98 touching an intraday high of 11.36
Open Interest in Nifty Options:
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 19600, 19500, 19400 strike Puts and at 19600, 19700, 19800 strike Calls indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 19500 strike Calls and 19000 strike Puts, to the tune of 12.15mn and 18.96mn respectively.
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain positive during the day.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766
Tag News
FIIs Net Sellers in Cash by 3024.31 Cr, Index Futures by 734.24 Cr - Nirmal Bang Ltd
More News
Nifty closed at 22147 with a gain of 151 points - Jainam Share Consultants