14-03-2024 09:31 AM | Source: Nirmal Bang Ltd
Nifty Mar Futures closed at 22103.25 - Nirmal Bang Ltd

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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metals, Automobiles, Oil & Gas sectors. Nifty Mar Futures closed at 22103.25 (down 343.80 points) at a premium of 105.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 4595.06 Cr and were net sellers in index futures to the tune of 1381.60 Cr.

* India VIX increased by 5.82% to close at 14.43 touching an intraday high of 15.01.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 21900, 21700, 21600 strike Puts and at 22000, 22100, 22200, 22300 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 21.63mn and 13.21mn 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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