India VIX decreased by 8.29% - Nirmal Bang

The Indian Markets maintained the positive momentum to gain 2.66% yesterday. Strong buying interest was observed in banking & Reality sector whereas the IT stocks weighed on the markets.

The Nifty Futures closed at 5607.15 deleting OI to the tune of 0.51mn.

FIIs were net buyers in cash as well as in Index Future to the tune of 1101.4 Cr & 1198.1 Cr respectively.

India VIX has decreased by 8.29% to close at 28.53 touching an intra-day high of 29.70.

Significant put OI build up across all the strikes below 5400 level suggest firm support to the Nifty Future at the 5500 level.

Highest OI build-up is seen at 5700 Call and 5300 strike Put, to the tune of 4.89 mn and 7.25 mn respectively.

Markets are likely to open half a percent positive following the mix global cues and can remain range bound during the day.

Source : Equity Bulls

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