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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Metals, Oil & Gas Sectors. Nifty June Futures closed at 24996.20 (up 268.80 points) at a premium of 49.70 pts to spot.

* FIIs were net sellers in Cash to the tune of 2539.42 Cr and were net buyers in index futures to the tune of 420.38 Cr.

* India VIX decreased by 1.60% to close at 14.84 touching an intraday high of 15.47.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24700, 24800, 24900 strike Puts and at 25500, 25400, 25300 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 16.06mn and 14.76mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

ndex is likely to open on a flattish note today and is likely to remain range bound during the day.

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