Indian markets closed on positive note where buying was mainly seen in Banking, IT, Pharmaceutical Sectors - Nirmal Bang Ltd
Summary
* Indian markets closed on positive note where buying was mainly seen in Banking, IT, Pharmaceutical Sectors. Nifty Jan Futures closed at 23198.95 (up 95.75 points) at a premium of 43.60 pts to spot.
* FIIs were net sellers in Cash to the tune of 4026.25 Cr and were net sellers in index futures to the tune of 970.52 Cr.
* India VIX decreased by 1.65% to close at 16.77 touching an intraday high of 17.30.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23400, 23300, 23200, 23100 strike Calls and at 22900, 23000, 23100, 23200 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 23500 strike Calls and 23000 strike Puts, to the tune of 18.00mn and 21.51mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a negative note today and is likely to remain range bound during the day.
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Market is expected to open on a positive note and likely to witness range bound move during ...
