India VIX decreased by 2.63% to close at 11.07 touching an intraday high of 11.79 - Nirmal Bang Ltd
Summary
* Indian markets closed on a flattish note where selling was mainly seen in Media, Realty, FMCG. Nifty Sept Futures closed at 24778.30 (up 93.30 points) at a premium of 483.15 pts to spot.
* FIIs were net sellers in Cash to the tune of 2327.09 Cr and were net sellers in index futures to the tune of 2716.60 Cr.
* India VIX decreased by 2.63% to close at 11.07 touching an intraday high of 11.79
* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25000,24900,24800,24700 strike Calls and at 24000, 24100, 24200,24300 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 24000 strike Puts, to the tune of 14.63mm and 13.43mn respectively.
Open Interest in Nifty Options:
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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