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Summary

* Indian markets closed on a positive note where buying was mainly seen in Media, Banking, FMCG sectors. Nifty Jul Future closed at 19847.10 (up 76.55 points) at a premium of 13.95 pts to spot.

* FIIs were net buyers in Cash to the tune 1165.47 Cr and were net sellers in index futures to the tune of 459.67 Cr.

* India VIX decreased by 0.93% to close at 11.60 touching an intraday high of 11.94

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 20000, 19900, 19800, 19700 strike Puts and at 20000, 19900, 19800 strike Calls indicating that the market is likely to be positive in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 21.16mn and 17.49mn respectively.

Open Interest in Nifty Options:

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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