Indian Markets witness blood bath on Tuesday - Nirmal Bang

The Indian Markets experienced a blood bath on Tuesday on account of renewed geopolitical tension in Syria. The markets ended down 3.77%. The weakness in Indian rupee also weighed on the markets.

FIIs were net sellers in cash as well as in Index Future to the tune of 716.2 Cr & 1850.9 Cr respectively.

India VIX has drastically increased by 17.93% to close at 32.49 touching an intra-day high of 32.66.

Significant put OI build up to the tune of 7.36 mn at 5300 level is expected to provide firm support to the Nifty Future.

Highest OI build-up is seen at 5700 Call and 5300 strike Put, to the tune of 4.41 mn and 7.36 mn respectively.

Markets are likely to open flat to positive following the mix global cues and can advance further later during the day mainly on account of short covering.

Source : Equity Bulls

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