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Market Summary:

* Indian markets closed on a flat note where selling was mainly seen in Banking, Automobile, Finance sectors. Nifty June Future closed at 15618.10 (up 34.95 points) at a premium of 43.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 449.86 Cr and were net buyers in index futures to the tune of 413.82 Cr.

* India VIX increased by 2.97% to close at 17.39 touching an intraday high of 17.96.

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 15600, 15500, 15300 strike Puts and at 15600, 15700, 15800, 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 9.61mn and 9.51mn 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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