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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, FMCG, Pharma sectors. Nifty Aug Future closed at 19596.80 (down 92.80 points) at a premium of 53.70 pts to spot.

* FIIs were net buyers in Cash to the tune 331 Cr and were net sellers in index futures to the tune of 1162.36 Cr.

* India VIX increased by 2.33 to close at 11.40 touching an intraday high of 11.91.

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 strike Calls while liquidation was seen at 19600, 19400, 19300 strike Puts indicating that the market is likely to be remain cautious in the near term.

* Highest OI build-up is seen at 19600 strike Calls and 19500 strike Puts, to the tune of 20.67mn and 22.96mn respectively.

Outlook on Nifty:

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

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