IGI Logo

Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, Oil & Gas, Automobile Sectors. Nifty Jul Futures closed at 25223.40 (down 198.50 points) at a premium of 73.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 5104.22 Cr and were net sellers in index futures to the tune of 3537.76 Cr.

* India VIX increased by 1.24% to close at 11.82 touching an intraday high of 12.12.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25500, 25400, 25300 strike Calls and at 25000, 25100, 25200 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 25000 strike Puts, to the tune of 19.62mn and 20.81mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flat 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