India VIX decreased by 4.12% to close at 11.40 touching an intraday high of 11.58 - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in Pharma, Banks Sectors. Nifty Sept Futures closed at 24813.10 (up 121.30 points) at a premium of 98.05 pts to spot.
* FIIs were net sellers in Cash to the tune of 1666.46 Cr and were net sellers in index futures to the tune of 435.79 Cr.
* India VIX decreased by 4.12% to close at 11.40 touching an intraday high of 11.58.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25000,24900, 24800, 24700, strike Calls and at 24400, 24500,24600,24700 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 18.85mn and 19.74mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a gap up note today and is likely to remain positive during the day.
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Market is expected to open on a positive note and likely to witness positive move during the...
