Nifty Futures closed deep in red at 5284.80 - Nirmal Bang

The Indian Markets traded in a volatile trading session on Tuesday. The markets come witnessed selling pressure since market opening on account of continuous pressure on rupee. The rupee has touched the intraday low of 66.4 yesterday.

The Nifty Futures Closed deep in red at 5284.80 (down 182.30pts) adding OI to the tune of 1.03mn.

FIIs were net sellers in cash as well as in index Future to the tune of 542.1Cr & 1374Cr respectively.

India VIX has increased by 11.52% to close at 29.42 touching an intra-day high of 30.04.

Significant addition in Call OI build up at 5200, 5300 and 5400 indicates negative undertone in the markets.

The Nifty Future is expected to expire near 5200-5300 level in August series expiry.

Highest OI build-up is seen at 5600 Call and 5300 strike Put, to the tune of 10.75 and 11.52 mn respectively.

Markets are likely to open a percent lower following the weak global cues and can remain under pressure during the day.

Source : Equity Bulls

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