India VIX increased by 2.61% to close at 10.31 touching an intraday high of 10.52 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where buying was mainly seen in Automobiles, Media, Realty. Nifty Sept Futures closed at 25120.40 (down 104.90 points) at a premium of 74.25 pts to spot.
* FIIs were net buyers in Cash to the tune of 81.28 Cr and were net buyers in index futures to the tune of 174.50 Cr.
* India VIX increased by 2.61% to close at 10.31 touching an intraday high of 10.52.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25400, 25300, 25200,25100 strike Calls and at 25000, 24900,24800,24700 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 16.43mm and 18.83mn 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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