28-03-2024 08:58 AM | Source: Nirmal Bang Ltd
India VIX decreased by 0.91% to close at 12.70 touching an intraday high of 13.01 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobiles, Oil & Gas sectors. Nifty Mar Futures closed at 22167.05 (up 78.50 points) at a premium of 43.40 pts to spot.

* FIIs were net buyers in Cash to the tune of 2170.32 Cr and were net sellers in index futures to the tune of 1115.89 Cr.

* India VIX decreased by 0.91% to close at 12.70 touching an intraday high of 13.01.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22200, 22100, 22000, 21900 strike Puts and at 22200, 22400, 22500 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 17.68mn and 24.42mn 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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