IGI Logo

Summary

* Indian markets closed on a flat note where buying was mainly seen in Automobiles, Metals, Oil & Gas Sectors. Nifty Nov Futures closed at 24371.05 (down 4.65 points) at a premium of 79.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 211.93 Cr and were net buyers in index futures to the tune of 95.53 Cr.

* India VIX increased by 2.26% to close at 15.90 touching an intraday high of 16.13.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 24100, 24200, 24300 strike Puts and at 24600, 24500, 24400, 24300 strike Calls 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 9.29mn and 11.46mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766