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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Metals sectors. Nifty June Future closed at 15712.40 (up 95.65 points) at a premium of 21.85 pts to spot.

* FIIs were net buyers in Cash to the tune of 1079.20 Cr and were net buyers in index futures to the tune of 559.76 Cr.

* India VIX decreased by 8.51% to close at 15.75 touching an intraday high of 17.21

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 15600, 15700, 16000 strike Puts and at 15700, 15900, 16000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 15700 strike Call and 15000 strike Put, to the tune of 9.56mn and 9.06mn respectively.

Outlook on Nifty:

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

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