India VIX decreased by 2.24% to close at 11.97 touching an intraday high of 12.57 - Nirmal Bang Ltd
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Summary
* Indian markets closed on a positive note where buying was mainly seen in Metal, IT, Automobiles. Nifty Nov Futures closed at 26,381.20 (up 325.80 points) at a premium of 175.90 pts to spot.
* FIIs were net buyers in Cash to the tune of 4778.03 Cr and were net buyers in index futures to the tune of 790.45 Cr.
* India VIX decreased by 2.24% to close at 11.97 touching an intraday high of 12.57.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26200, 26300, 26400, 26500 strike Calls and at 26100, 26000, 25900, 25800 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 13.88mn and 28.76mn 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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