Index is likely to open on a flat note today and is likely to remain rangebound during the day - Nirmal Bang Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/5cd61b122a71ace49a18c44e71293698.png)
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Summary
* Indian markets closed on a negative note where selling was mainly seen in Oil & Gas, Metal, FMCG sectors. Nifty Jul Future closed at 19692.70 (down 83.70 points) at a premium of 20.35 pts to spot.
* FIIs were net sellers in Cash to the tune 82.96 Cr and were net buyers in index futures to the tune of 315.52 Cr.
* India VIX increased by 1.45% to close at 11.65 touching an intraday high of 12
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 19700, 19500, 19400, 19300 strike Puts and at 20100, 20000, 19800, 19700 strike Calls indicating that the market is likely to be rangebound in the near term.
* Highest OI build-up is seen at 20000 strike Calls and 19500 strike Puts, to the tune of 15.72mn and 9.96mn 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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