India VIX increased by 6.98% to close at 12.06 touching an intraday high of 12.23 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, Realty & Metals Sectors. Nifty Jul Futures closed at 24710.20 (down 140.20 points) at a premium of 29.30 pts to spot.
* FIIs were net sellers in Cash to the tune of 6082.47 Cr and were net sellers in index futures to the tune of 1178.60 Cr.
* India VIX increased by 6.98% to close at 12.06 touching an intraday high of 12.23.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24900, 24800, 24700 strike Calls and at 24500, 24600, strike Puts indicating market is likely to remain under pressure in the near term.
* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 23.65mn and 13.87mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a negative note today and is likely to remain under pressure during the day.
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