05-03-2024 09:21 AM | Source: Nirmal Bang Ltd
India VIX decreased by 0.46% to close at 14.92 touching an intraday high of 15.30 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Banking, Pharmaceutical, Oil & Gas sectors. Nifty Mar Futures closed at 22497.95 (down 4.05 points) at a premium of 92.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 564.06 Cr and were net buyers in index futures to the tune of 1269.93 Cr.

* India VIX decreased by 0.46% to close at 14.92 touching an intraday high of 15.30

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22500, 22400, 22200 strike Puts and at 22400, 22500, 22700 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 14.37mn and 14.83mn respectively.

Outlook on Nifty:

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

 

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