10-04-2024 08:45 AM | Source: Nirmal Bang Ltd
India VIX decreased by 2.04% to close at 11.36 touching an intraday high of 11.61 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a flattish note where selling was mainly seen in Automobiles, FMCG and Oil & Gas sectors. Nifty Apr Futures closed at 22735.35 (down 13.15 points) at a premium of 92.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 593.20 Cr and were net buyers in index futures to the tune of 2484.56 Cr.

* India VIX decreased by 2.04% to close at 11.36 touching an intraday high of 11.61.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22800, 22700 strike Puts and at 22700, 22800, 22900, 23000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22500 strike Puts, to the tune of 19.28mn and 16.06mn 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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