Market Overview – May Series
· In May series, Nifty registered a loss of 323 points or 6.2% to 4,931 and 12 out of 16 trading sessions FIIs were net buyers to the tune of Rs 10,742 crore.
· Higher put writing and concentration level at lower levels indicates Nifty to settle between 4,900 at lower end and 5,200 at upper end.
FIIs and DIIs activity in capital market segment
· FIIs were net sellers of Rs 995 crore with Gross buyers of Rs 2,262 crore and Gross Sellers of Rs 3,257 crore.
· DIIs were net buyers of Rs 1,107 crore with Gross buyers of Rs 1,909 crore and Gross sellers of Rs 802 crore.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 24th May, 2010 close at 31.3 which is 2.98% Lower as compared to previous close, after touching an intraday high of 31.3 and low of 28.37.
Implications: In Monday’s trading session, volatility plunged till 28 levels thereby settling at 31.
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