22-04-2024 09:13 AM | Source: Nirmal Bang Ltd
India VIX increased by 3.20% to close at 13.46 touching an intraday high of 14.41 - Nirmal Bang Ltd

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* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobiles and Metal sectors. Nifty Apr Futures closed at 22128.70 (up 73.50 points) at a discount of 18.30 pts to spot.

* FIIs were net buyers in Cash to the tune of 129.39 Cr and were net buyers in index futures to the tune of 658.50 Cr.

* India VIX increased by 3.20% to close at 13.46 touching an intraday high of 14.41.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 21800, 21900, 22000 strike Puts and at 22500, 22400, 22300, 22200 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 9.46mn and 14.04mn respectively

 

Outlook on Nifty:

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

 

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