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23-02-2024 09:00 AM | Source: Nirmal Bang Ltd
India VIX decreased by 4.58% to close at 15.20 touching an intraday high of 16.15 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Automobiles, Metals Sectors. Nifty Feb Futures closed at 22243.25 (up 173.10 points) at a premium of 25.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 1410.05 Cr and were net buyers in index futures to the tune of 1362.32 Cr.

* India VIX decreased by 4.58% to close at 15.20 touching an intraday high of 16.15.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 21800, 21900, 22000 strike Puts and at 22200, 22100, 22000, strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22000 strike Calls and 22000 strike Puts, to the tune of 6.08mn and 10.06mn 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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