India VIX decreased by 1.61% to close at 15.87 touching an intraday high of 16.13 - Nirmal Bang Ltd
Summary
* Indian markets closed on positive note where buying was mainly seen in FMCG, Financial Services, Oil & Gas Sectors. Nifty Apr Futures closed at 23433.50 (Up 92.60 points) at a discount of 3.70 pts to spot.
* FIIs were net buyers in Cash to the tune of 172.10 Cr and were net buyers in index futures to the tune of 3936.42 Cr.
* India VIX decreased by 1.61% to close at 15.87 touching an intraday high of 16.13.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23800, 23700, 23600 strike Calls and at 23200, 23300, 23400 23500 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 21.91mn and 21.40mn 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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