India VIX increased by 2.97% to close at 21.63 touching an intraday high of 22.75 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Realty, Oil & Gas, FMCG Sectors. Nifty May Futures closed at 24065.50 (down 206.40 points) at a premium of 57.50 pts to spot.
* FIIs were net sellers in Cash to the tune of 3798.71 Cr and were net sellers in index futures to the tune of 2591.56 Cr.
* India VIX increased by 2.97% to close at 21.63 touching an intraday high of 22.75.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24400, 24300 strike Calls and at 24000, 24100 strike Puts indicating market is likely to remain positive in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 15.93mn and 19.51mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on gap up note today and is likely to remain positive during the day.
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