Nifty Futures closed marginally higher at 5608.3 - Nirmal Bang

Indian markets ended marginally in green giving off nearly a percent from its days high in the second half of the trade. The rally was mainly supported by oil and & gas and FMCG sector.

Nifty Futures closed marginally higher at 5608.3 (up 20pts) adding OI to the tune of 0.85mn and at a discount of 0.8pts to spot.

FIIs were net sellers in cash as well as in the Index Future to the tune of Rs 576.5Cr & Rs 1285.9 Cr respectively.

India VIX increased by 0.62% to close at 21.14 touching an intra-day high of 22.08.

Marginal addition in Put OI build up at 5600 level as well as at 5500 level suggest support levels in the markets. The downside for the markets is expected to be limited.

Highest OI build-up is seen at 5700 Call and 5600 strike Put, to the tune of 10.96 mn and 11.25 mn respectively.

Markets are likely to open on a flat note with positive bias today following the lack of firm global cues and can remain rangebound throughout the day.

Source : Equity Bulls

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