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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Metals, Textile sectors. Nifty Aug Future closed at 17585.5 (up 93.30 points) at a premium of 8.05 pts to spot.

* FIIs were net buyers in Cash to the tune of 563 Cr and were net sellers in index futures to the tune of 110.45 Cr.

* India VIX increased by 0.06% to close at 19.05 touching an intraday high of 19.59.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 17600, 17800, 17900 strike Calls and at 17500, 17400, 17200 strike Puts indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 18000 strike Calls and 17500 strike Puts, to the tune of 15.90mn and 12.07mn respectively.

Outlook on Nifty:

* Index is likely to open on a negative note today and is likely to remain range bound during the day.

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