16-04-2024 08:55 AM | Source: Nirmal Bang Ltd
India VIX increased by 8.10% to close at 12.47 touching an intraday high of 12.74 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, IT and Automobiles sectors. Nifty Apr Futures closed at 22357.30 (down 244.15 points) at a premium of 84.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 3850.13 Cr and were net sellers in index futures to the tune of 3268 Cr.

* India VIX increased by 8.10% to close at 12.47 touching an intraday high of 12.74.

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

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 14.61mn and 16.06mn respectively.

Open Interest in Nifty Options:

 

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain negative during the day.

 

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