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Market Summary:

* Indian markets closed on a flattish note where buying was mainly seen in Finance, Realty, Cement sectors. Nifty July Future closed at 15711.9 (down 10.50 points) at a premium of 19.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 746 Cr and were net buyers in index futures to the tune of 719.04 Cr.

* India VIX increased by 0.38% to close at 12.99 touching an intraday high of 13.61.

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 16000, 15900, 15800 strike Calls and at 15700, 15500 strike Puts indicating market is likely to remain range bound in near term.

* Highest OI build-up is seen at 15800 strike Call and 15000 strike Put, to the tune of 9.46mn and 8.59mn respectively.

Outlook on Nifty:

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

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