India VIX increased by 0.70% to close at 12.15 touching an intraday high of 12.29 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Pharmaceuticals, Media, Metal. Nifty Nov Futures closed at 25905.50 (down 126.10 points) at a premium of 183.40 pts to spot.
* FIIs were net sellers in Cash to the tune of 6769.34 Cr and were net sellers in index futures to the tune of 1611.57 Cr.
* India VIX increased by 0.70% to close at 12.15 touching an intraday high of 12.29.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25800, 25900, 26000, 26100 strike Calls and at 25700, 25600, 25500 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 34.61mm and 16.36mn respectively.
Open Interest in Nifty Options:
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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Market is expected to open on a negative note and likely to witness negative move during the...
