26-03-2024 09:03 AM | Source: Nirmal Bang Ltd
India VIX decreased by 2.33% to close at 12.22 touching an intraday high of 13.05 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals, Pharmaceutical sectors. Nifty Mar Futures closed at 22165.45 (up 62.95 points) at a premium of 68.70 pts to spot. 

* FIIs were net sellers in Cash to the tune of 3309.76 Cr and were net buyers in index futures to the tune of 1432.82 Cr. 

* India VIX decreased by 2.33% to close at 12.22 touching an intraday high of 13.05.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22100, 22000, 21900 strike Puts and at 22100, 22300, 22400, 22500 strike Calls indicating market is likely to remain range bound in the near term. 

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 10.78mn and 17.54mn respectively.

 

Outlook on Nifty:

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

 

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