18-03-2024 09:04 AM | Source: Nirmal Bang Ltd
India VIX increased by 0.49% to close at 13.69 touching an intraday high of 14.33 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a negative note where selling was mainly seen in Automobiles, Pharmaceuticals, Oil & Gas sectors. Nifty Mar Futures closed at 22133.20 (down 131.35 points) at a premium of 109.95 pts to spot.

* FIIs were net buyers in Cash to the tune of 848.56 Cr and were net sellers in index futures to the tune of 633.48 Cr.

* India VIX increased by 0.49% to close at 13.69 touching an intraday high of 14.33.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 21900, 21800, 21600 strike Puts and at 22000, 22100, 22200, 22300 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 8.66mn and 11.52mn respectively.

 

Outlook on Nifty:

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

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