India VIX decreased by 0.24% to close at 10.25 touching an intraday high of 10.36 - Nirmal Bang Ltd
Summary
* Indian markets closed on a flattish note where buying was mainly seen in IT, PSU Banks, Automobile. Nifty Sept Futures closed at 25423.40 (up 92.00 points) at a premium of 93.15 pts to spot.
* FIIs were net sellers in Cash to the tune of 1124.54 Cr and were net buyers in index futures to the tune of 1708.09 Cr.
* India VIX decreased by 0.24% to close at 10.25 touching an intraday high of 10.36.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25700, 25600, 25500, 25400 strike Calls and at 25000, 25100, 25200 ,25300 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 21.17mn and 18.57mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a gap up note today and is likely to remain positive during the day.
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