Indian markets end in green in a volatile trading session - Nirmal Bang

Indian markets ended in green in a volatile trading session yesterday. The markets opened in green , dipped into red in noon trade but managed to recover all loses and ended in green as index heavy weights such as ITC, Wipro & Bharti Airtel provided support to the index.

Overseas, Dow closed nearly half a % in green yesterday at 13779.33 (up 67.12pts). The European markets closed mixed with FTSE & DAX up 0.30% & 0.15% and CAC down 0.40% respectively.

FIIs were net buyers in cash to the tune of 802.6Cr whereas they sold Index Futures worth 297Cr respectively.

India VIX decreased by 1.58% to close at 13.67, touching an intra-day high of 14.26.

Put OI build up at 5800, 5900 & 6000 level above 10 mn clearly indicates strength in the markets. Nifty Future is expected to hover around 6100 level with a positive bias.

Highest OI build-up is seen at 6200 Call and 5800 strike Put, to the tune of 11.94 mn and 11.45 mn respectively.

Source : Equity Bulls

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