India VIX increases by 2.07% - Nirmal Bang

Indian markets continued the Thursday's rally to end week with 1.50% gains on Friday. Positive global cues together with optimism of Rate cut by the RBI on 19th this month, helped markets to touch one month high point on Friday.

Overseas, Dow closed half a percent in green at 14397.07 (up 67.58pts). The European markets also closed in green with FTSE, CAC & DAX up 0.69%, 1.21% & 0.58% respectively and.

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

India VIX increased by 2.07% to close at 13.34, touching an intra-day high of 13.57.

Addition in 5900, 5800 & 6000 level puts suggest dominance of bulls in the markets. Nifty Future is expected to continue the positive momentum in the days to come.

Highest OI build-up is seen at 6000 Call and 5700 strike Put, to the tune of 7.32 mn and 11.08 mn respectively.

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

Source : Equity Bulls

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