11-03-2024 09:21 AM | Source: Nirmal Bang Ltd
India VIX decreased by 4.77% to close at 13.61 touching an intraday high of 14.43 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metals, FMCG, Financial services sectors. Nifty Mar Futures closed at 22552.35 (down 40.70 points) at a premium of 58.80 pts to spot.

* FIIs were net buyers in Cash to the tune of 7304.11 Cr and were net buyers in index futures to the tune of 821.98 Cr.

* India VIX decreased by 4.77% to close at 13.61 touching an intraday high of 14.43.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 22400, 22300, 22200 strike Puts and at 22600, 22700, 22800 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 9.01mn and 9.28mn 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 during the day.

 

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