Since it is the beginning of the new series, options data is scattered at various far-strike prices. On the weekly front, the maximum Call OI is placed at 21500 and then towards 22000 strikes.
Positive setup was seen in Infosys, OFSS, Coforge, ONGC, Birla Soft, HCL Tech, Persistent Systems, TCS, PNB, Tata Consumer, LTTS, Canara Bank, L&T, IOC, Bharti Airtel, Trent and IndusInd Bank. On the weekly options front, the maximum Call OI is placed at 22500 strikes and then towards 22300 strikes while the maximum Put OI is placed at 21700 strikes and then towards 21800 strikes.
The Nifty future closed negative with losses of 0.37% at 21861 levels on Friday. India VIX was down by 4.21% from 15.14 to 14.50 levels. Volatility cooled off after steaming to higher zones and respected the bulls at higher zones.
India VIX was up by 1.55% from 11.64 to 11.83 levels on Friday. Volatility was slightly higher but overall bulls were holding the grip at support zones.
India VIX was down by 1.78% from 11.07 to 10.88 levels on Friday. Volatility has been cooling off from the last two sessions and aided in support-based buying in the indices.