India VIX increased by 3.18% to close at 10.87 touching an intraday high of 11.06 - Nirmal Bang Ltd
Summary
* Indian markets closed on a positive note where buying was mainly seen in FMCG, Automobiles, Realty. Nifty Sept Futures closed at 25656.10 (up 231.30 points) at a premium of 70.80 pts to spot.
* FIIs were net buyers in Cash to the tune of 997.29 Cr and were net buyers in index futures to the tune of 5066.71 Cr.
* India VIX increased by 3.18% to close at 10.87 touching an intraday high of 11.06.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25600, 25700, 25800, 25900 strike Calls and at 25500, 25400, 25300 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 25.17mm and 22.47mn 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
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