Indian markets end in green on Monday - Nirmal Bang

Indian markets traded in a narrow range but ended in green on Monday. Buying interest was observed in realty stocks lead by the DLF. The DLF stocks ended up more than 5% yesterday, on account of positive signs from company's first ever post-results analyst meet.

Overseas, the European markets also closed flat with FTSE down 0.16% and CAC & DAX down 0.18% & 0.46% respectively.

FIIs were net buyers in cash to the tune of 142.9 Cr whereas they sold in index Future to the tune of 415.6 Cr.

India VIX increased by 6.89% to close at 16.29, touching an intra-day high of 16.61.

Once again call OI build up at 5900 & 6000 level indicates bearish undertone in the markets. But Nifty Future is expected to get immediate support at 5900 level with put OI build to the tune of 9.99 mn at this level.

Highest OI build-up is seen at 6000 Call and 5800 strike Put, to the tune of 11.15 mn and 10.39 mn respectively.

Markets are likely to open flat today on account of lack of firm global cues.

Source : Equity Bulls

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