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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Automobile, Banking, Realty sectors. Nifty Sep Future closed at 17856.7 (up 3.15 points) at a premium of 1.65 pts to spot.

* FIIs were net sellers in Cash to the tune of 595.85 Cr and were net buyers in index futures to the tune of 571.58 Cr.

* India VIX increased by 6.67% to close at 18.05 touching an intraday high of 18.14.

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 18000, 17900 strike Puts and at 17900, 17800, 17700 strike Calls indicating market is likely to remain range bound during the day near term.

* Highest OI build-up is seen at 18000 strike Call and 17500 strike Put, to the tune of 9.98mn and 7.08mn respectively.

Outlook on Nifty:

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

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