India VIX increased by 4.86% to close at 17.36 touching an intraday high of 17.45 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, FMCG, Oil & Gas Sectors. Nifty May Futures closed at 24976.40 (down 102.30 points) at a premium of 30.95 pts to spot.
* FIIs were net sellers in Cash to the tune of 525.95 Cr and were net sellers in index futures to the tune of 86.75 Cr.
* India VIX increased by 4.86% to close at 17.36 touching an intraday high of 17.45.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25100, 25000, 24900 strike Calls and at 24700, 24800, 24900, 25000 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 25000 strike Puts, to the tune of 20.31mn and 14.75mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a gap up note today and is likely to remain range bound during the day.
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