20-02-2024 09:07 AM | Source: Nirmal Bang Ltd
Nifty Feb Futures closed at 22171.40 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a positive note where buying was mainly seen in Pharmaceuticals, FMCG, Oil & Gas Sectors. Nifty Feb Futures closed at 22171.40 (up 73.60 points) at a premium of 49.15 pts to spot.

* FIIs were net sellers in Cash to the tune of 754.59 Cr and were net buyers in index futures to the tune of 719.97 Cr.

* India VIX increased by 5.22% to close at 16.02 touching an intraday high of 16.12.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22000, 22100, 22200 strike Puts and at 22500, 22300, 22200, 22100 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 8.09mn and 14.34mn respectively.

 

 

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain range bound during the day.

 

 

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