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Summary

* Indian markets closed on a negative note where buying was mainly seen in Banking, Finance, FMCG sectors. Nifty Aug Future closed at 19611.25 (down 49.80 points) at a premium of 40.40 pts to spot.

* FIIs were net sellers in Cash to the tune 711.34 Cr and were net buyers in index futures to the tune of 423.79 Cr.

* India VIX increased by 2.00 to close at 11.33 touching an intraday high of 11.53.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19600, 19400, 19300 strike Puts and at 19600, 19700, 19800, 20000 strike Calls indicating that the market is likely to be remain range-bound     in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 16.47mn and 16.13mn respectively.

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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