FIIs were net buyers in Cash to the tune of 1970.17 Cr - Nirmal Bang Ltd
Summary
Indian markets closed on positive note where buying was mainly seen in IT, Automobiles, Metals Sectors. Nifty Apr Futures closed at 24135.50 (Up 284.20 points) at a premium of 9.95 pts to spot.
FIIs were net buyers in Cash to the tune of 1970.17 Cr and were net buyers in index futures to the tune of 1099.47 Cr.
India VIX increased by 0.30% to close at 15.52 touching an intraday high of 16.33.
Open Interest in Nifty Options:
The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24400, 24300, 24200 strike Calls and at 23800, 23900, 24000 24100 strike Puts indicating market is likely to remain positive in the near term.
Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 12.97mn and 15.29mn respectively.
Outlook on Nifty:
Index is likely to open on a flat note today and is likely to remain positive during the day.
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