IGI Logo

Summary

* Indian markets closed on a negative note where selling was mainly seen in Financial Services, Metal, PSU Banks. Nifty Nov Futures closed at 26,077.50 (down 143.30 points) at a premium of 9.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 1766.05 Cr and were net sellers in index futures to the tune of 822.14 Cr.

* India VIX increased by 12.31% to close at 13.63 touching an intraday high of 13.85.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26100, 26200, 26300, 26400 strike Calls and Liquidations at in OI were 26000, 25900, 25800 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26500 strike Calls and 26000 strike Puts, to the tune of 18.94mn and 22.48mn 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.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176