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Summary

* Indian markets closed on a positive note where buying was mainly seen in Information technology, Metals and FMCG sectors. Nifty Jul Futures closed at 24206.25 (up 74.00 points) at a premium of 64.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 426.03 Cr and were net buyers in index futures to the tune of 263.90 Cr.

* India VIX increased by 0.21% to close at 13.83 touching an intraday high of 14.23.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23900, 24000, 24100, 24200 strike Puts and at 24500, 24400, 24300 strike Calls indicating market is likely to remain positive in near term.

* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 10.20mn and 14.35mn respectively

Open Interest in Nifty Options:

Outlook on Nifty: Index is likely to open on a positive note today and is likely to remain positive during the day

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