IGI Logo

Summary

* Indian markets closed on a negative note where selling was mainly seen in Oil & Gas, Finance, Auto sectors. Nifty Oct Futures closed at 25173.85 (down 301.85 points) at a premium of 159.25 pts to spot.

* FIIs were net sellers in Cash to the tune of 9896.95 Cr and were net sellers in index futures to the tune of 5285.00 Cr.

* India VIX increased by 7.27% to close at 14.13 touching an intraday high of 14.48.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25100, 25000 strike Calls and liquidation at 25000, 25100, 25200 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 16.65mn and 11.80mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a positive note today and is likely to remain range bound during the day

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766