FIIs were net sellers in cash as well as Index Futures - Nirmal Bang

Indian markets remained under pressure on Tuesday to end down 0.70%. Profit booking & negative global cues weighed on the markets. The markets rallied more than 4% since last Thursday so the profit booking was expected in the markets.

The Nifty Future ended down (33.15 pts) 0.56% at 5,859.05 with marginal addition in OI to the tune of 0.01 mn.

FIIs were net sellers in cash as well as in Index Future to the tune of Rs 43.2 Cr & Rs 154.2Cr respectively.

India VIX decreased by 0.66% to close at 18.21 touching an intra-day high of 18.55.

Continuation of addition in put OI build up at 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 6.99 mn and 7.39 mn respectively.

Markets are likely to open over a percent in red following the weak global cues and likely to remain weak during the day.

Source : Equity Bulls

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