IGI Logo

Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Realty & Metals Sectors. Nifty Jul Futures closed at 24838.80 (up 128.60 points) at a premium of 17.70 pts to spot.

* FIIs were net sellers in Cash to the tune of 4636.60 Cr and were net sellers in index futures to the tune of 1117.29 Cr.

* India VIX decreased by 4.45% to close at 11.53 touching an intraday high of 12.30.

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25000, 24900, 24800, 24700 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 25000 strike Puts, to the tune of 22.81mn and 13.34mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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