Open interest of Nifty put options witnessed additions
After a long weekend, investors are finding cues for the markets that would drive the markets on Tuesday. The last trading session was fairly bullish wherein domestic institutional investors poured in around Rs 1685 Cr in the markets whereas foreign institutional investors took out Rs 1150 Cr from the Indian equity markets.
The futures and options cues as of trading session of April 28 signals flat to negative opening for the markets. The foreign institutional investors (FIIs) sold Rs 682 Cr in index futures, bought Rs 2427 Cr in index options and sold Rs 533 Cr in stock futures.
For Nifty, the level of 9309 is the crucial level to watch out for. If Nifty stays above this level, then it is likely to touch the next resistance levels of 9337.05 and 9370.05 levels. If Nifty shows weakness, then the support levels are likely to stay at 9249.25 levels followed by 9276.65.
The options data for the April 28 shows that, Nifty 9100 PE added lakh shares in open interest, Nifty 9200 PE added 4.9 lakh shares in open interest and Nifty 9300 PE added 5.5 lakh shares in open interest.