RIL, BHEL, L&T helps market to close on promising note - Nirmal Bang

- Heavy weights such as Reliance Industries, Bhel, LT helped the Indian markets to close on a promising note on Monday. Nifty Futures closed about 0.3% in green at 6096.45(up 21.60pts) touching a high of 6107.5.

- Overseas, US markets were closed yesterday. The European markets closed positive with FTSE, CAC & DAX up 0.43%, 0.57% & 0.60% respectively.

- FIIs were net buyers in cash to the tune of 843Cr whereas they sold Index Futures worth 81.7Cr respectively.

- India VIX decreased by 1.66% to close at 13.66, touching an intra-day high of 14.37.

- Once again addition in put OI build up at 6000 & 6100 level confirms bullish undertone in the markets. Nifty Future is expected to remain above 6100 level in the days to come.

- Highest OI build-up is seen at 6200 Call and 5800 strike Put, to the tune of 10.86mn and 11.48mn respectively.

- Markets are likely to open on a flattish note following the mix global cues and are likely to remain range bound during the day.

Source : Equity Bulls

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