India VIX decreases by 5.88% - Nirmal Bang

Indian markets ended the week with 4% loss today. Decline in FII flow on account of risk aversion (Due to Cyprus issue) and political uncertainty on domestic front are the main reason for fall in the markets.

Overseas, Dow closed half a percent in green at 14,512.03 (up 90.54pts). The European markets closed mix with FTSE up 0.07% and CAC & DAX down 0.12% & 0.27% respectively.

FIIs were net sellers in cash as well as Index Futures to the tune of 14.2Cr and 316.2Cr respectively.

India VIX decreased by 5.88% to close at 15.54 touching an intra-day high of 16.43.

Addition in call OI at 5700 and 5800 level suggest strong bearish undertone in the markets. Highest put OI build up at 5700 can provide immediate support for the Nifty Future.

Highest OI build-up is seen at 5900 Call and 5700 strike Put, to the tune of 11.51 mn and 11.65 mn respectively.

Markets are likely to open nearly a percent in green following the positive global cues and are likely to remain strong during the day.

Source : Equity Bulls

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