Indian Markets end down 0.72% on Wednesday - Nirmal Bang

Indian markets ended down 0.72% yesterday on account of negative global cues & profit booking. The investors all over the world remain cautious on Wednesday ahead of the release of Fed minutes.

The Nifty Future closed down 0.79 percent at 5,822.05 (down 46.30 pts) adding OI to the tune of 0.20 mn.

FIIs were net buyers in cash to the tune of 75.5Cr whereas they sold Index futures worth 172.9Cr respectively.

India VIX increased by 3.41% to close at 19.98 touching an intra-day high of 20.09.

Addition in put OI build up at 5800 level is expected to provide firm support to 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 9.69 mn and 9.15 mn respectively.

Markets are likely to open over a percent and a half in green following the positive global cues and likely to remain strong during the day.

Source : Equity Bulls

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