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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Realty, IT, Chemical sectors. Nifty Sep Future closed at 17748.2 (down 108.55 points) at a discount of 0.40 pts to spot.

* FIIs were net sellers in Cash to the tune of 1958 Cr and were net sellers in index futures to the tune of 2205.36 Cr.

* India VIX increased by 2.67% to close at 18.54 touching an intraday high of 18.57.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 17600, 17500 strike Puts and at 18000, 17900, 17800 strike Calls indicating market is likely to remain cautious during the day.

* Highest OI build-up is seen at 18000 strike Call and 17000 strike Put, to the tune of 11.49mn and 9.64mn respectively.

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain cautious during the day.

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