India VIX decreased by 3.86% - Nirmal Bang

The Indian Markets gained 0.84% on the last day of the week in pull back rally on Thursday. Heavy buying was observed in Metal as well as Realty stocks on account of bargain hunting.

FIIs were net sellers in cash to the tune of 395.8Cr whereas they bought Index Futures to the tune of 392.4Cr respectively.

India VIX decreased by 3.86% to close at 21.19 touching an intra-day high of 22.04.

Put OI build up at 5400 as well as at 5500 suggest firm support for the markets at that level. A bounce back rally can be observed in the Nifty on account of sharp fall in last few trading sessions.

Highest OI build-up is seen at 6000 Call and 5400 strike Put, to the tune of 7.79 and 7.41 mn respectively.

Markets are likely to open on a flat to positive note following the mix global cues and can bounce back later during the day mainly due to short covering.

Source : Equity Bulls

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