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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metal, Auto, Realty sectors. Nifty Aug Future closed at 19596.55 (down 216 points) at a premium of 70.00 pts to spot.

* FIIs were net sellers in Cash to the tune 1878 Cr and were net sellers in index futures to the tune of 860.47 Cr.

* India VIX increased by 9.68% to close at 11.28 touching an intraday high of 11.81.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19400, 19300, 19200 strike Puts and at 19700, 19600, 19500 strike Calls indicating that the market is likely to be remain bearish in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 17.72mn and 17.23mn respectively

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain under pressure during the day.

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