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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, FMCG sectors. Nifty June Future closed at 15700.80 (down 11.55 points) at a premium of 30.60 pts to spot.

* FIIs were net buyers in Cash to the tune of 1499.37 Cr and were net sellers in index futures to the tune of 613.60 Cr.

* India VIX increased by 1.23% to close at 15.94 touching an intraday high of 16.38.

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 15700, 15600, 15500, 15400 strike Puts and at 15700, 15800, 15900, 16000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 7.16mn and 7.51mn 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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