IGI Logo

Summary

* Indian markets closed on a flat note where selling was mainly seen in Automobiles, Oil & Gas, Pharmaceuticals sectors. Nifty Oct Futures closed at 24482.65 (down 55.65 points) at a premium of 47.15 pts to spot.

* FIIs were net sellers in Cash to the tune of 5684.63 Cr and were net buyers in index futures to the tune of 116.86 Cr.

* India VIX increased by 1.31% to close at 14.62 touching an intraday high of 15.03

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24700, 24600, 24500 strike Calls and at 24200, 24300, 24400, strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 22.42mn and 17.69mn 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