Index is likely to open on a positive note today and is likely to remain positive during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Pharmaceuticals & Metal sectors. Nifty Mar Futures closed at 22342.30 (up 175.25 points) at a premium of 15.40 pts to spot.
* FIIs were net buyers in Cash to the tune of 188.31 Cr and were net buyers in index futures to the tune of 67.85 Cr.
* India VIX increased by 1.02% to close at 12.83 touching an intraday high of 13.18.
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 22200, 22100, 22000 strike Puts and at 22500, 22400, 22300, 22200 strike Calls indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 8.81mn and 9.67mn respectively.
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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