India VIX falls 6.84% - Aditya Birla Money

In Index Futures FIIs were net buyers to the tune of Rs.196 Cr with an open interest increase of around Rs.115 Cr as compared to net selling to the tune of Rs.810 Cr with an open interest decrease of around Rs.128 Cr as of the previous trading week: Indicating Long Build Up in Index Futures by FIIs.

Nifty Futures open interest saw a decrease of around 13.19% and Nifty Futures saw a decrease of around 1.23%: Indicating Long Unwinding in NIFTY Futures.

India VIX saw a decrease of around 6.84%: Indicating positiveness for the market.

The PCR for Nifty based on open interest went down to 0.94 as compared to 1.12: Indicating negativeness for the market.

High put option open interest build up of around 3.2 mn and 3.5 mn is seen at 5900 and 5800 strikes respectively: Indicating that they will act as strong supports.

High call option open interest build up of around 4.4 mn and 4.3 mn is seen at 6100 and 6200 strikes respectively: Indicating that they will act as strong resistances.

Nifty is trading at a discount of 37-38 points as compared to a premium of 36-37 points: Indicating positiveness for the market.

Source : Equity Bulls

Keywords