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Market Summary:

* Indian markets closed on a flat note where buying was mainly seen in FMCG, Automobile, Technology sectors. Nifty June Future closed at 1568.60 (down 16.25 points) at a premium of 28.50 pts to spot.

* FIIs were net buyers in Cash to the tune of 1422.71 Cr and were net sellers in index futures to the tune of 67.38 Cr

* India VIX decreased by 2.20% to close at 15.23 touching an intraday high of 15.60.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 15700, 15600, 15500, 15400 strike Puts and at 15700, 15800, 15900, 16000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 9.15mn and 9.05mn respectively.

Outlook on Nifty:

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

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