India VIX decreased by 4.17% to close at 11.48 touching an intraday high of 12.03 - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in Pharmaceuticals, Automobiles & FMCG Sectors. Nifty Jul Futures closed at 25265.60 (up 98.10 points) at a premium of 69.80 pts to spot.
* FIIs were net buyers in Cash to the tune of 120.47 Cr and were net sellers in index futures to the tune of 153.26 Cr.
* India VIX decreased by 4.17% to close at 11.48 touching an intraday high of 12.03.
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 25500, 25400, 25300 strike Calls and addition at 24900, 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 20.22mn and 23.76mn 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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