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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobiles, Metals sectors. Nifty July Future closed at 15752.40 (down 183.60 points) at a premium of 0 pts to spot.

* FIIs were net sellers in Cash to the tune of 2198.71 Cr and were net sellers in index futures to the tune of 2068.97 Cr.

* India VIX increased by 8.32% to close at 12.68 touching an intraday high of 13.20.

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

* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 10.37mn and 9.06mn respectively.

Outlook on Nifty:

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

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