India VIX increased by 0.19% to close at 18.26 touching an intraday high of 18.86 - Nirmal Bang Ltd

Summary
* Indian markets closed on a flat note where selling was mainly seen in Realty, Pharmaceuticals, Metals Sectors. Nifty May Futures closed at 24400.70 (down 17.70 points) at a premium of 54.00 pts to spot.
* FIIs were net buyers in Cash to the tune of 2769.81 Cr and were net buyers in index futures to the tune of 295.26 Cr.
* India VIX increased by 0.19% to close at 18.26 touching an intraday high of 18.86.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24600, 24500, 24500, 24300 strike Calls and at 24200, 24300, 24400 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 24000 strike Puts, to the tune of 17.84mn and 17.90mn 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 range bound during the day.
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