India VIX decreased by 0.77% - Nirmal Bang

The Indian markets traded in a choppy trading session to end the week on negative note on Friday. TCS & BAJAJ AUTO were amongst the leading gainer on Friday on account of their quarterly results.

The Nifty Future closed at 6,042.55 (down 9.85 pts) adding OI to the tune of 0.14 mn.

FIIs were net buyers in cash as well as in Index Futures to the tune of 252.3 Cr & 511.4 Cr respectively.

India VIX decreased by 0.77% to close at 18.13 touching an intra-day high of 18.27.

Addition in put OI build up at 5900, 6000 as well as at 6100 level suggest strong bullish undertone in the markets. Shifting of call OI buildup to 6200 level also confirms the northward movement in the Nifty Future.

Highest OI build-up is seen at 6000 Call and 5900 strike Put, to the tune of 8.20 and 11.36 mn respectively.

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

Source : Equity Bulls

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