India VIX increased by 4.90% to close at 18.22 touching an intraday high of 18.56 - Nirmal Bang Ltd
Summary
* Indian markets closed on a flat note where buying was mainly seen in Realty, Pharmaceuticals, Automobiles Sectors. Nifty May Futures closed at 24418.40 (down 6.90 points) at a premium of 84.20 pts to spot.
* FIIs were net buyers in Cash to the tune of 1419.71 Cr and were net buyers in index futures to the tune of 50.57 Cr.
* India VIX increased by 4.90% to close at 18.22 touching an intraday high of 18.56.
* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24700, 24600, 24500, 24400 strike Calls and at 24200, 24300, 24400 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 11.87mn and 14.62mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a flat 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 ...
