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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Realty, sectors. Nifty Sep Future closed at 17827.5 (up 457.25 points) at a premium of 68.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 4166 Cr and were net buyers in index futures to the tune of 1782.43 Cr.

* India VIX decreased by 5.66% to close at 18.70 touching an intraday high of 19.82.

* Indian markets closed on a positive note where buying was mainly seen in Banking, Realty, sectors. Nifty Sep Future closed at 17827.5 (up 457.25 points) at a premium of 68.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 4166 Cr and were net buyers in index futures to the tune of 1782.43 Cr. ? India VIX decreased by 5.66% to close at 18.70 touching an intraday high of 19.82.

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 17700, 17600, 17500 strike Puts and at 17900, 18000 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 15.30mn and 13.69mn respectively.

Outlook on Nifty:

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

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