India VIX decreased by 0.43% to close at 12.16 touching an intraday high of 12.27. - Nirmal Bang Ltd
Summary
* Indian markets closed on a flattish note where buying was mainly seen in Metal, Pharmaceuticals, Realty. Nifty Nov Futures closed at 25953.80 (down 32.30 points) at a premium of 74.65 pts to spot.
* FIIs were net sellers in Cash to the tune of 383.68 Cr and were net buyers in index futures to the tune of 453.62 Cr.
* India VIX decreased by 0.43% to close at 12.16 touching an intraday high of 12.27.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25900, 26000, 26100, 26200 strike Calls and at Liquidations in OI were 25800,25600 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 26000 strike Puts, to the tune of 20.84mn and 14.43mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a negative note today and is likely to remain range bound during the day.
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