India VIX increased by 1.94% to close at 19.36 - Nirmal Bang

The markets remain very volatile yesterday. The Nifty dipped into red in early noon trade but managed to pair all of its losses on account of strong buying interest in HUL, Wipro & ITC.

The Nifty Future closed flat at 5970.85 (up 1.15 pts) adding OI to the tune of 0.41mn.

FIIs were net sellers in cash to the tune of 26.1 Cr whereas they bought in Index Futures to the tune of 220 Cr.

India VIX increased by 1.94% to close at 19.36 touching an intra-day high of 19.59.

Addition in put OI build up at 5700, 5800 As well as at 5900 level together with Call addition at 6000, 6100 and 6200 suggests a range bound scenario in the markets.

Highest OI build-up is seen at 6000 Call and 5800 strike Put, to the tune of 9.02 and 11.22 mn respectively.

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

Source : Equity Bulls

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