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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Oil-Gas, Metals, Power sectors. Nifty Aug Future closed at 17713 (up 28.10 points) at a premium of 14.90 pts to spot.

* FIIs were net buyers in Cash to the tune of 3040 Cr and were net buyers in index futures to the tune of 921.37 Cr.

* India VIX decreased by 4.07% to close at 17.61 touching an intraday high of 18.53.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 17500, 17400, 17300 strike Puts and at 17700, 17800, 17900 strike Calls indicating positive outlook in the market in the near term.

* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 8.97mn and 10.05mn respectively

Outlook on Nifty:

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

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