Indian Markets end up 0.80% on recovery in Indian Rupee - Nirmal Bang

Indian markets ended up 0.80% yesterday on account of firm global cues & some recovery in Indian rupee. After a gap up opening the markets traded in a narrow range throughout the day on Tuesday.

The Nifty Future closed up 0.67 percent at 5,868.35 (up 39.10 pts) adding OI to the tune of 0.71 mn.

FIIs were net buyers in cash as well as Index Futures to the tune of 165.6Cr and 339.2Cr respectively.

India VIX decreased by 0.10% to close at 19.32 touching an intra-day high of 19.53

Addition in put OI build up at 5800 level suggests bullish undertone in the markets. Significant put OI build up at 5600, 5700 & 5800 level indicates limited downside for the markets from this level.

Highest OI build-up is seen at 6000 Call and 5600 strike Put, to the tune of 8.86 mn and 9.43 mn respectively.

Markets are likely to open nearly half a percent in green following the mix global cues and likely to remain range bound during the day.

Source : Equity Bulls

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