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Summary

* Indian markets closed on a flat note where buying was mainly seen in FMCG, Realty, Media sectors. Nifty Aug Future closed at 19751.80 (up 104.90 points) at a premium of 105.75 pts to spot.

* FIIs were net sellers in Cash to the tune 1023.91 Cr and were net sellers in index futures to the tune of 1802.49 Cr.

* India VIX decreased by 3.59% to close at 10.14 touching an intraday high of 10.81.

Open Interest in Nifty Options :

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19600, 19500, 19400 strike Puts and at 20000, 19900, 19700, 19600 strike Calls indicating that the market is likely to be rangebound in the near term.

* Highest OI build-up is seen at 19800 strike Calls and 19000 strike Puts, to the tune of 11.51mn and 11.86mn respectively.

Outlook on Nifty:

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

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