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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobile, Metals, Pharma sectors. Nifty Aug Future closed at 19689.60 (up 78.35 points) at a premium of 57.05 pts to spot.

* FIIs were net buyers in Cash to the tune 644.11 Cr and were net sellers in index futures to the tune of 322.73 Cr.

* India VIX decreased by 1.63 to close at 11.14 touching an intraday high of 11.33 

Open Interest in Nifty Options:

* Indian markets closed on a positive note where buying was mainly seen in Automobile, Metals, Pharma sectors. Nifty Aug Future closed at 19689.60 (up 78.35 points) at a premium of 57.05 pts to spot.

* FIIs were net buyers in Cash to the tune 644.11 Cr and were net sellers in index futures to the tune of 322.73 Cr.

* India VIX decreased by 1.63 to close at 11.14 touching an intraday high of 11.33.

* 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 19700, 19800 strike Calls indicating that the market is likely to be remain range-bound in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19500 strike Puts, to the tune of 14.24mn and 19.35mn respectively

Outlook on Nifty:

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

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