12-04-2024 08:51 AM | Source: Nirmal Bang Ltd
India VIX decreased by 2.17% to close at 11.11 touching an intraday high of 11.36 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Metals and Oil & Gas sectors. Nifty Apr Futures closed at 22812.40 (up 77.05 points) at a premium of 58.60 pts to spot.

* FIIs were net buyers in Cash to the tune of 2778.17 Cr and were net buyers in index futures to the tune of 4006.21 Cr.

* India VIX decreased by 2.17% to close at 11.11 touching an intraday high of 11.36.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 22700, 22600, 22500 strike Puts and at 22700, 22800, 22900, 23000 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23200 strike Calls and 22500 strike Puts, to the tune of 9.89mn and 9.50mn respectively.

Open Interest in Nifty Options:

 

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain range bound during the day.

 

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