08-04-2024 09:21 AM | Source: Nirmal Bang Ltd
India VIX increased by 1.04% to close at 11.34 touching an intraday high of 11.68 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Banking, FMCG & Realty sectors. Nifty Apr Futures closed at 22595.50 (down 16.75 points) at a premium of 81.80 pts to spot.

* FIIs were net buyers in Cash to the tune of 1659.27 Cr and were net sellers in index futures to the tune of 220.25 Cr.

* India VIX increased by 1.04% to close at 11.34 touching an intraday high of 11.68.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22500, 22400, 22300, 22200 strike Puts and at 22500, 22700, 22800 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 13.96mn and 12.27mn 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.

 

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