Nifty ends down almost 1.5% - Nirmal Bang

Yesterday Nifty ended down almost 1.50% on account of RBI decision to squeeze liquidity. All the banking stocks were under pressure on Wednesday. To curb the speculation in Forex market, the RBI put more restrictions on its liquidity adjustment facility (LAF).

FIIs were net sellers in cash to the tune of 404.5 Cr whereas they bought in Index Futures to the tune of 481.2 Cr.

India VIX increased by 1.14% to close at 16.91 touching an intra-day high of 18.03.

Firm put OI build up at 5900 level suggest strong support for the markets at that level. The July Nifty Future is expected to expire near 6000 level today.

Highest OI build-up is seen at 6100 Call and 5900 strike Put, to the tune of 9.26 and 12.30 mn respectively.

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

Source : Equity Bulls

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