India VIX decreased by 2.77% to close at 11.21 touching an intraday high of 11.78 - Nirmal Bang Ltd
Summary
* Indian markets closed on a flat note where selling was mainly seen in Automobiles, Realty & Financial Services Sectors. Nifty Jul Futures closed at 24869.30 (up 30.50 points) at a premium of 14.25 pts to spot.
* FIIs were net sellers in Cash to the tune of 850.00 Cr and were net sellers in index futures to the tune of 445.4 Cr.
* India VIX decreased by 2.77% to close at 11.21 touching an intraday high of 11.78.
* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 24800, 24700, 24600, 24500 strike Calls and additions at 24500, 24600, 24700, 24800 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 24500 strike Puts, to the tune of 24.79mn and 13.66mn 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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Market is expected to open on a gap down note and likely to witness range bound move during ...
