India VIX increased by 1.33% to close at 11.16 touching an intraday high of 11.67 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Media, PSU Banks, Metals. Nifty Sept Futures closed at 25206.00 (down 103.30 points) at a premium of 60.50 pts to spot.
* FIIs were net sellers in Cash to the tune of 1508.53 Cr and were net sellers in index futures to the tune of 1651.52 Cr. ? India VIX increased by 1.33% to close at 11.16 touching an intraday high of 11.67.
* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25400, 25300, 25200 strike Calls and at 24900, 25000, 25100 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 13.58mm and 15.34mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain positive during the day.
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