Index is likely to open on a negative note today and is likely to remain rangebound during the day - Nirmal Bang Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/d6b759c3f5cdb81271fc68ff1ef2276f.png)
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Summary
* Indian markets closed on a negative note where selling was mainly seen in Finance, FMCG, Realty sectors. Nifty Aug Future closed at 19812.55 (down 31.40 points) at a premium of 79.00 pts to spot.
* FIIs were net sellers in Cash to the tune 92.85 Cr and were net sellers in index futures to the tune of 44.95 Cr.
* India VIX decreased by 1.24% to close at 10.28 touching an intraday high of 10.70.
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 19800, 19700, 19500 strike Puts and at 19700, 19800, 19900 strike Calls indicating that the market is likely to be remain range-bound in the near term.
* Highest OI build-up is seen at 19800 strike Calls and 19000 strike Puts, to the tune of 16.18mn and 14.43mn respectively.
Outlook on Nifty:
Index is likely to open on a negative note today and is likely to remain rangebound during the day.
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