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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Automobile, Metals, Technology sectors. Nifty Sep Future closed at 17329.30 (up 82.10 points) at a premium of 5.75 pts to spot.

* FIIs were net buyers in Cash to the tune of 768.58 Cr and were net sellers in index futures to the tune of 742.52 Cr.

* India VIX increased by 2.12% to close at 14.54 touching an intraday high of 14.65.

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 17300, 17400 strike Puts while liquidation was seen at 17200, 17300, 17500 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 17500 strike Call and 17000 strike Put, to the tune of 6.13mn and 7.64mn respectively

Outlook on Nifty:

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

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