Indian VIX decreased by 4.77% to close at 17.95 - Nirmal Bang

Indian markets maintained Thursday’s positive momentum to end up 2.80% on Friday. Policy initiative by the Government (by increasing gas prices) together with bounce back in Indian rupee, provided positive impetus to the markets.

The Nifty Future ended up(154.40 pts) 2.71% at 5841.42 with addition in OI to the tune of 2.62mn.

FIIs were net buyers in cash as well as in Index Future to the tune of Rs 1124.3 Cr & Rs 1691.8 Cr respectively.

India VIX decreased by 4.77% to close at 17.95 touching an intra-day high of 18.79.

Significant addition in put OI build up at 5700 as well as 5800 level suggests strong bullish undertone in the markets.

Highest OI build-up is seen at 6000 Call and 5600 strike Put, to the tune of 4.73 mn and 6.59 mn respectively.

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

Source : Equity Bulls

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