Indian Markets manage to end in green on May series expiry - Nirmal Bang

Indian Markets managed to end in green on last day of May series expiry yesterday. Tata Motors and M&M were among major gainers yesterday on account of their better than expected Q4 FY13 results.

Nifty Future closed up 41pts yesterday at 6,131 deleting OI to the tune of 18.57mn.

FIIs were net buyers in cash as well as Index Futures to the tune of 787.5 Cr and 1168.1 Cr. respectively.

India VIX decreased by 10.19% to close at 16.04 touching an intra-day high of 17.55.

Addition in put OI build up at 6000 & 6100 level suggest bullish undertone in the markets. The Nifty Future is expected to remain firm in the days to come.

Highest OI build-up is seen at 6300 Call and 6000 strike Put, to the tune of 3.67 mn and 5.91 mn respectively.

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

Source : Equity Bulls

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