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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Power, Banking, Chemicals sectors. Nifty Sep Future closed at 17535.4 (up 150.50 points) at a premium of 4.95 pts to spot.

* FIIs were net buyers in Cash to the tune of 233 Cr and were net buyers in index futures to the tune of 170.66 Cr.

* India VIX increased by 1.14% to close at 13.73 touching an intraday high of 13.88.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 17600, 17500, 17400 strike Puts and at 17700, 17600 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 17500 strike Call and 17000 strike Put, to the tune of 8.73mn and 10.21mn respectively.

Outlook on Nifty:

* Index is likely to open on a flattish note today and is likely to remain positive during the day.

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