Indian Markets end lower for the 5th trading session - Nirmal Bang

Indian markets ended down for the fifth trading session yesterday. The markets remained very volatile in Tuesday's trading session. The Nifty gained around 1% in morning session but failed to sustain the gains and ended down 0.86%.

Overseas, Dow closed marginally positive at 14,673.46 (up 59.98 pts). The European markets closed mixed with FTSE & CAC up 0.57% & 0.11% respectively and DAX down 0.33%.

FIIs were net sellers in cash as well as in Index Future to the tune of Rs 664.9Cr & 14.8Cr respectively.

India VIX increased by 0.30% to close at days high 16.82 touching an intra-day high of 17.26.

Significant additions in call OI build up at 5500 level suggest continuation of bearish undertone in the markets.

Highest OI build-up is seen at 5800 Call and 5500 strike Put, to the tune of 10.31 mn and 8.12 mn respectively.

Markets are likely to open on a positive note following the mix global cues and are likely to remain range bound during the day.

Source : Equity Bulls

Keywords