India VIX increased by 0.79% to close at 12.07 touching an intraday high of 12.27 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Pharmaceuticals, IT, Metal. Nifty Sept Futures closed at 26238.70 (up 148.60 points) at a premium of 184.80 pts to spot.
* FIIs were net sellers in Cash to the tune of 3078 Cr and were net sellers in index futures to the tune of 2390.34 Cr.
* India VIX increased by 0.79% to close at 12.07 touching an intraday high of 12.27.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26100, 26000, 25900 strike Calls and at 25900, 25800, 25600 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 28.37mm and 18.64mn 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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