India VIX decreased by 1.55% to close at 10.95 touching an intraday high of 11.88 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Information Technology, Auto, Pharmaceuticals, Financial services. Nifty Dec Futures closed at 25,960.20 (down 104.50 points) at a premium of 120.50 pts to spot.
* FIIs were net sellers in Cash to the tune of 3760.08 Cr and were net sellers in index futures to the tune of 758.61 Cr.
* India VIX decreased by 1.55% to close at 10.95 touching an intraday high of 11.88.
* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 26000, 26100, 26200, 26300, 26400, strike Calls and liquidations at 26000, 25900, 25800, 25700, 25600 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 18.85mn and 15.43mn respectively.
Open Interest in Nifty Options:


Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to range bound during the day.
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