India VIX decreased by 1.01% to close at 11.97 touching an intraday high of 12.38 - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in IT, PSU Banks, Telecom. Nifty Nov Futures closed at 26071.00 (up 122.20 points) at a premium of 18.35 pts to spot.
* FIIs were net buyers in Cash to the tune of 1580.72 Cr and were net buyers in index futures to the tune of 237.15 Cr.
* India VIX decreased by 1.01% to close at 11.97 touching an intraday high of 12.38.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26100, 26200, 26300,26400 strike Calls and at in OI were 26000,25900, 25800, 25700 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 19.68mn and 21.71mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain positive during the day.
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