India VIX decreased by 0.88% to close at 14.28 touching an intraday high of 14.82 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, Metals, Oil & Gas Sectors. Nifty June Futures closed at 24826.90 (down 41.90 points) at a premium of 14.85 pts to spot.
* FIIs were net buyers in Cash to the tune of 890.93 Cr and were net buyers in index futures to the tune of 43.58 Cr.
* India VIX decreased by 0.88% to close at 14.28 touching an intraday high of 14.82.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24900, 24800 strike Calls and at 24500, 24700, 24800 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 26.16mn and 15.31mn 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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