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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Metals, Pharma sectors. Nifty Aug Future closed at 19250.30 (down 145.30 points) at a discount of 15.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 4638.21 Cr and were net sellers in index futures to the tune of 1264.45 Cr.

* India VIX increased by 3.26% to close at 12.08 touching an intraday high of 12.24.

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 19300, 19200, 19100 strike Calls while liquidation was seen at 19200, 19300, 19400 strike Puts indicating that the market is likely to remain rangebound in the near term.

* Highest OI build-up is seen at 19500 strike Calls and 19000 strike Puts, to the tune of 13.90mn and 16.32mn respectively.

Outlook on Nifty:

Index is likely to open on a positive note today and is likely to remain rangebound during the day.

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