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Summary

* Indian markets closed on a positive note where buying was mainly seen in Pharma, Technology, Metals sectors. Nifty Sep Future closed at 19653.55 (up 44.75 points) at a premium of 78.65 pts to spot.

* FIIs were net sellers in Cash to the tune of 1725.11 Cr and were net buyers in index futures to the tune of 269.21 Cr.

* India VIX decreased by 1.34% to close at 10.82 touching an intraday high of 11.09.

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 19600, 19800, 20000 strike Calls indicating that the market is likely to remain bullish in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19500 strike Puts, to the tune of 14.45mn and 19.52mn respectively

Outlook on Nifty:

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

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