Indian Markets continue the negative trend to end down 0.23% - Nirmal Bang

The Indian Markets continued the negative trend to end down 0.23% yesterday. The markets touched day's low point in morning session but managed to pair almost all of its losses on account of some better than expected earning outcomes.

FIIs were net buyers in cash to the tune of 142.9 Cr whereas they sold in Index Futures to the tune of 1132.1 Cr.

India VIX increased by 3.59% to close at 18.77 touching an intra-day high of 19.28.

The downside for the markets from the current level is expected to be limited. The Nifty Future is expected to trade in the broad range of 5700 to 6000 level.

Highest OI build-up is seen at 6000 Call and 5700 strike Put, to the tune of 6.98 and 6.69 mn respectively.

Markets are likely to open on a 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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