India VIX increased by 1.97% to close at 10.72 touching an intraday high of 11.11 - Nirmal Bang Ltd

Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, FMCG & Realty Sectors. Nifty Jul Futures closed at 25095.40 (down 157.40 points) at a premium of 33.30 pts to spot.
* FIIs were net sellers in Cash to the tune of 2133.69 Cr and were net buyers in index futures to the tune of 1.65 Cr.
* India VIX increased by 1.97% to close at 10.72 touching an intraday high of 11.11.
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 25400, 25300, 25200, 25100 strike Calls and at 24900, 25000, 25100, 25200 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 12.54mn and 15.77mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a gap down note today and is likely to remain range bound during the day.
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Market is expected to open on a gap down note and likely to witness range bound move during ...


