IGI Logo

Summary

* Indian markets closed on a flat note where buying was mainly seen in Automobile, Banks, Metals Sectors. Nifty Sept Futures closed at 24892.70 (up 45.00 points) at a premium of 119.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 2170.35 Cr and were net buyers in index futures to the tune of 9.20 Cr.

* India VIX increased by 0.53% to close at 10.84 touching an intraday high of 11.08.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25200, 25100, 25000,24900 strike Calls and at 24800, 24700, 24600 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 24500 strike Puts, to the tune of 34.21mn and 21.16mn 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.

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