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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Cement, Automobile, Banking sectors. Nifty June Future closed at 15660.2 (down 108.35 points) at a premium of 24.90 pts to spot.

* FIIs were net sellers in Cash to the tune of 846 Cr and were net buyers in index futures to the tune of 536.55 Cr.

* India VIX decreased by 3.10% to close at 14.75 touching an intraday high of 15.74

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 15500, 15400, 15300 strike Puts and at 15700, 15800, 15900, 16000 strike Calls indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 9.56mn and 8.50mn respectively.

Outlook on Nifty:

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

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