Nifty Futures closed up 1.11% at 6007.25 - Nirmal Bang

Indian markets bounced back to gain almost over a% on Friday post better than expected results from Infosys. The index rose 73.90 points or 1.25% to finish at 6009, continuing its uptrend for the second consecutive session.

The Nifty Future closed up 1.11% at 6007.25 (up 65.90 pts) adding OI to the tune of 1.16mn.

FIIs were net buyers in cash as well as Index Futures to the tune of 644.8Cr and 71Cr respectively.

India VIX decreased by 1.06% to close at 18.69 touching an intra-day high of 18.93.

Addition in put OI build up at 5900 level as well as at 6000 suggest strong 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 7.71mn and 9.84mn respectively.

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

Source : Equity Bulls

Keywords