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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Metals sectors. Nifty Sep Future closed at 18105.50 (up 141.15 points) at a premium of 35.45 pts to spot.

* FIIs were net buyers in Cash to the tune of 1956.98 Cr and were net buyers in index futures to the tune of 2936.25 Cr.

* India VIX decreased by 2.60% to close at 17.47 touching an intraday high of 17.94.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen 18100, 18000, 17900 strike Puts while liquidation was seen in 18000, 17900, 17800 strike Calls indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 18500 strike Calls and 18000 strike Puts, to the tune of 9.83mn and 11.34mn respectively

Outlook on Nifty:

* Index is likely to open on a gap up today and is likely to remain positive during the day

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