IGI Logo

Summary

* Indian markets closed on flattish note where buying was mainly seen in Banking, Automobiles, Pharmaceutical Sectors. Nifty Mar Futures closed at 22530.35 (down 33.95 points) at a premium of 59.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 1627.61 Cr and were net sellers in index futures to the tune of 822.63 Cr.

* India VIX decreased by 2.70% to close at 13.69 touching an intraday high of 14.37.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22800, 22600, 22500 strike Calls and at 22000, 22300 strike Puts indicating market is likely to remain under range bound in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 25.10mn and 24.92mn respectively

Outlook on Nifty:

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

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176