India VIX decreased by 14.97% to close at 18.39 touching an intraday high of 21.63 - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in IT, Metals, Automobiles Sectors. Nifty May Futures closed at 25044.10 (up 978.60 points) at a premium of 119.40 pts to spot.
* FIIs were net buyers in Cash to the tune of 1246.48 Cr and were net buyers in index futures to the tune of 1211.29 Cr.
* India VIX decreased by 14.97% to close at 18.39 touching an intraday high of 21.63.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25400, 25300, 25200 strike Calls and at 24700, 24800, 24900, 25000 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 14.23mn and 15.01mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on gap down note today and is likely to remain range bound during the day.
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