India VIX decreased by 4.01% to close at 10.75 touching an intraday high of 11.23 - Nirmal Bang Ltd
Summary
* Indian markets closed on a flat note where selling was mainly seen in Automobiles, Pharmaceuticals & Oil & Gas Sectors. Nifty Jul Futures closed at 25093.90 (down 33.70 points) at a premium of 33.00 pts to spot.
* FIIs were net sellers in Cash to the tune of 3548.92 Cr and were net sellers in index futures to the tune of 797.64 Cr.
* India VIX decreased by 4.01% to close at 10.75 touching an intraday high of 11.23.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25400, 25300, 25200, 25100 strike Calls and at 24800, 25000, 25100, 25200 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 19.56mn and 21.45mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain range bound during the day.
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