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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Information Technology, Oil & Gas sectors. Nifty Sept Futures closed at 25265.20 (up 216.85 points) at a premium of 113.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 3259.56 Cr and were net buyers in index futures to the tune of 3346.70 Cr.

* India VIX decreased by 1.16% to close at 13.79 touching an intraday high of 14.14.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24800, 24900, 25000, 25100 strike Puts and at 25500, 25400, 25300, 25200 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 25000 strike Puts, to the tune of 8.91mn and 13.08mn respectively. Outlook on Nifty: Index is likely to open on a flat note today and is likely to remain range bound during the day

Open Interest in Nifty Options:

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