India VIX increased by 5.92% to close at 10.56 touching an intraday high of 10.73 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in Pharmaceuticals, Telecom, IT. Nifty Sept Futures closed at 25277.70 (down 133.50 points) at a premium of 75.35 pts to spot.
* FIIs were net sellers in Cash to the tune of 2910.09 Cr and were net buyers in index futures to the tune of 474.55 Cr.
* India VIX increased by 5.92% to close at 10.56 touching an intraday high of 10.73.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25500,25400,25300,25200 strike Calls and at 25000, 25100, 25200 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 33.48mn and 24.57mn respectively
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to remain range bound during the day
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Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities
