Nifty March Futures closes 38 points higher - Nirmal Bang

Indian markets continued its gains yesterday on account of strong global cues to end up around 0.59% in green. Nifty Mar Futures closed 38pts higher at 5841 adding OI to the tune of 0.65mn.

Overseas, Dow closed marginally up at 14296.24 (up 42.47pts). The European markets closed mix with FTSE & CAC down 0.07% & 0.36% respectively and DAX up 0.62%.

FIIs were net buyers in cash as well as Index Futures to the tune of 524.1Cr and 191.2Cr respectively.

India VIX rose marginally by 0.07% to close at 13.40, touching an intra-day high of 13.60.

Addition in 5700 & 5800 level puts suggest dominance of bulls in the markets. Nifty Future may approach 5900 level in the days to come.

Highest OI build-up is seen at 6000 Call and 5700 strike Put, to the tune of 7.49mn and 10.67mn respectively.

Markets are likely to open marginally lower following the mix global cues and are likely to remain range bound during the day.

Source : Equity Bulls

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