17-09-2024 09:30 AM | Source: Nirmal Bang Ltd
India VIX decreased by 0.71% to close at 12.46 touching an intraday high of 12.96 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Metals, Realty sectors. Nifty Sept Futures closed at 25442.75 (up 70.15 points) at a premium of 59.00 pts to spot. .

* FIIs were net sellers in Cash to the tune of 1634.98 Cr and were net buyers in index futures to the tune of 332.09 Cr.

* India VIX decreased by 0.71% to close at 12.46 touching an intraday high of 12.96.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25300, 25400 strike Puts and at 25700, 25600, 25500 strike Calls 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 17.22mn and 21.56mn respectively.

Open Interest in Nifty Options:

 

 

Outlook on Nifty:

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

 

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