18-09-2024 09:26 AM | Source: Nirmal Bang Ltd.
India VIX increased by 1.04% to close at 12.59 touching an intraday high of 12.75 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a flat note where selling was mainly seen in Pharmaceuticals, Metals, Financial Services sectors. Nifty Sept Futures closed at 25449.80 (up 7.05 points) at a premium of 31.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 482.69 Cr and were net buyers in index futures to the tune of 425.94 Cr.

* India VIX increased by 1.04% to close at 12.59 touching an intraday high of 12.75.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25300, 25400, 25500 strike Puts and at 25800, 25700, 25600, 25500 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 18.67mn and 22.28mn respectively.

Outlook on Nifty

Index is likely to open on a flat note today and is likely to remain positive during the day.

 

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