India VIX increased by 2.95% to close at 12.03 touching an intraday high of 12.20 - Nirmal Bang Ltd

Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, Auto, Pharma Sectors. Nifty Aug Futures closed at 24441.10 (down 232.30 points) at a premium of 77.80 pts to spot.
* FIIs were net buyers in Cash to the tune of 1932.81 Cr and were net sellers in index futures to the tune of 1762.34 Cr.
* India VIX increased by 2.95% to close at 12.03 touching an intraday high of 12.20.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 24700, 24600, 24500, 24400 strike Calls and at 24000, 24100, 24200,24300 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 23.52mn and 15.99mn 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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Market is expected to open on a flattish note and likely to witness range bound move during ...


