India VIX decreased by 1.21% to close at 11.59 touching an intraday high of 11.94 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in PSU Banks, Auto, FMCG. Nifty Sept Futures closed at 25814.80 (down 162.10 points) at a premium of 19.65 pts to spot.
* FIIs were net buyers in Cash to the tune of 621.51 Cr and were net buyers in index futures to the tune of 1336.36 Cr.
* India VIX decreased by 1.21% to close at 11.59 touching an intraday high of 11.94.
Open Interest in Nifty Options:
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25800,25900,26000,26100 strike Calls and at 25700, 25600, 25500 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 25500 strike Puts, to the tune of 28.38mm and 18.02mn respectively.
Outlook on Nifty:
Index is likely to open on a gap up note today and is likely to remain positive during the day.
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