08-02-2024 10:25 AM | Source: Nirmal Bang Ltd
Indian markets closed on a positive note where buying was mainly seen in Banking - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Realty and Metal Sectors. Nifty Feb Futures closed at 22003.70 (up 24.15 points) at a premium of 73.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 1691.02 Cr and were net sellers in index futures to the tune of 1253.46 Cr.

* India VIX decreased by 1.77% to close at 15.51 touching an intraday high of 16.02. 

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 21800, 21900, 22000 strike Puts and at 22200, 22100, 22000 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22000 strike Calls and 21500 strike Puts, to the tune of 15.24mn and 12.18mn respectively.

Open Interest in Nifty Options:

 

 

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