India VIX increased by 2.11% to close at 11.96 touching an intraday high of 12.05 - Nirmal Bang Ltd

Summary
* Indian markets closed on a negative note where selling was mainly seen in Pharma, FMCG, Realty Sectors. Nifty Aug Futures closed at 24634.90 (down 72.90 points) at a premium of 60.70 pts to spot.
* FIIs were net sellers in Cash to the tune of 4999.10 Cr and were net buyers in index futures to the tune of 341.76 Cr.
* India VIX increased by 2.11% to close at 11.96 touching an intraday high of 12.05.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 24600, 24700, 24800, 25000 strike Calls and at 24500, 24400, 24000 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 29.75mn and 23.29mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to remain range bound during the day.
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