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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Realty, Technology sectors. Nifty Sep Future closed at 17370.2 (down 283.50 points) at a premium of 57.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 561 Cr and were net sellers in index futures to the tune of 1122.10 Cr.

* India VIX increased by 8.82% to close at 19.82 touching an intraday high of 21.21.

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 17300, 17200, 17000 strike Puts and at 17300, 17400, 17500 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 13.83mn and 12.98mn 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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