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Summary

* Indian markets closed on a flat note where buying was mainly seen in Auto, Metal, Media sectors. Nifty Jul Future closed at 19691.15 (down 1.55 points) at a premium of 10.55 pts to spot.

* FIIs were net buyers in Cash to the tune 1088.76 Cr and were net sellers in index futures to the tune of 1059.97 Cr.

* India VIX decreased by 12.10% to close at 10.24 touching an intraday high of 11.65.

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 19700, 19600, 19500, 19400 strike Puts and at 20000, 19800, 19700, 19600 strike Calls indicating that the market is likely to be rangebound in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19500 strike Puts, to the tune of 16.94mn and 12.30mn respectively.

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain rangebound during the day.

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