The Indian market is likely to consolidate on Wednesday, tracking muted global cues. Nifty futures closed in negative territory, down 1.39% at 23,308. India VIX rose nearly 9% to close at 13.86 in the previous session. On the options front, the maximum Call OI is placed at 23,500, followed by 24,000 strikes, while the maximum … Read more
Indian market is likely to head higher on Monday tracking positive global and domestic cues. The Nifty future closed positive with gains of 0.34% at 22703 levels on Friday. India VIX was up by 1.7% from 24.18 to 24.60 levels. Volatility spiked above 26 levels during the week and has caused discomfort to the bulls. … Read more
Indian market is expected to consolidate on Wednesday tracking mixed global cues. The Nifty future closed negative with losses of 0.78% at 22375 levels on Tuesday. India VIX was up by 2.71% from 16.60 to 17.05 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22800 strikes … Read more