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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Metal, Finance. Nifty Jun Future closed at 18570 (down 59.55points) at a premium of 82.25pts to spot.

* FIIs were net sellers in Cash to the tune 71.07 Cr and were net sellers in index futures to the tune of 2182.76 Cr.

* India VIX decreased by 3.13% to close at 11.60 touching an intraday high of 11.97

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen at 18600, 18400, 18300 strike Puts and addition in OI were seen at 19000, 18900, 18600, 18500 strike Calls indicating that the market is likely to remain positive in the near term.

* Highest OI build-up is seen at 19000 strike Calls and 18000 strike Puts, to the tune of 19.79mn and 17.11mn respectively.

Outlook on Nifty:

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

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