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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Metals, Realty, Chemical sectors. Nifty Sep Future closed at 17559.30 (up 172.65 points) at a discount of 2.70 pts to spot.

* FIIs were net buyers in Cash to the tune of 1042 Cr and were net buyers in index futures to the tune of 283.47 Cr.

* India VIX decreased by 5.55% to close at 16.52 touching an intraday high of 18.00.

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 17500, 17400, 17300 strike Puts while liquidation was seen at 17800, 17700, 17600 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 9.41mn and 9.43mn respectively.

Outlook on Nifty:

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

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