19-03-2024 08:54 AM | Source: Nirmal Bang Ltd
India VIX increased by 1.49% to close at 13.90 touching an intraday high of 14.62 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Automobiles, Pharmaceuticals, Metals sectors. Nifty Mar Futures closed at 22135.45 (up 2.25 points) at a premium of 79.75 pts to spot.

* FIIs were net sellers in Cash to the tune of 2051.09 Cr and were net sellers in index futures to the tune of 178.61 Cr.

* India VIX increased by 1.49% to close at 13.90 touching an intraday high of 14.62

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22000, 21900, 21700 strike Puts and at 22100, 22200, 22400, 22500 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 10.49mn and 12.11mn respectively.

 

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain range bound during the day.

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