India VIX increases to 18.25 - Nirmal Bang

The Indian Markets ended down almost 1% today. The FMCG stocks weighed on the markets lead by Index Heavyweight ITC & HUL. Selling was also observed in banking stocks on account of uncertainties regarding RBI monetary policy outcome which is due today.

FIIs were net sellers in sellersin cash to the tune of 231.77Cr whereas they bought Index Futures to the tune of 23.56Cr.

India VIX increased by 8.76% to close at 18.25 touching an intra-day high of 18.42.

The downside for the markets from the current level is expected to be very limited. But the RBI monetary policy outcome which is due today will provide firm cues to the markets.

Highest OI build-up is seen at 6000 Call and 5800 strike Put, to the tune of 5.66 and 5.37 mn respectively.

Markets are likely to open on a flat to positive note following the mix global cues and likely to remain choppy ahead of RBI policy scheduled during the day.

Source : Equity Bulls

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