India VIX increased by 8.95% to close at 11.01 touching an intraday high of 11.26 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, FMCG, Metals. Nifty Sept Futures closed at 25309.30 (down 101.70 points) at a premium of 81.95 pts to spot.
* FIIs were net sellers in Cash to the tune of 240.10 Cr and were net sellers in index futures to the tune of 835.93 Cr.
* India VIX increased by 8.95% to close at 11.01 touching an intraday high of 11.26
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25500, 25400, 25300 strike Calls and at 24900, 25000, 25200 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 25.13mm and 27.10mn 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.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176
