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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, FMCG, Metals Sectors. Nifty May Futures closed at 24553.70 (up 153.00 points) at a premium of 92.55 pts to spot.

* FIIs were net buyers in Cash to the tune of 497.79 Cr and were net buyers in index futures to the tune of 531.51 Cr.

* India VIX increased by 0.43% to close at 18.34 touching an intraday high of 18.80.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24700, 24600, 24500, 24400 strike Calls and at 24300, 24400, 24500 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 19.32mn and 21.06mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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