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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Auto, Realty, CapitalGoods sectors. Nifty Sep Future closed at 17568.5 (up 9.20 points) at a premium of 21.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 1943 Cr and were net sellers in index futures to the tune of 958.30 Cr.

* India VIX decreased by 0.16% to close at 16.49 touching an intraday high of 16.86.       

Open Interest in Nifty Options:        

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 17600, 17500 strike Puts and at 17600, 17700 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 18000 strike Call and 17000 strike Put, to the tune of 9.83mn and 9.80mn respectively.        

Outlook on Nifty:

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

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