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Summary

* Indian markets closed on a flat note where buying was mainly seen in Realty, IT, Finance sectors. Nifty Jul Future closed at 19474.80 (up 13.50 points) at a premium of 61.05 pts to spot.

* FIIs were net buyers in Cash to the tune 2237.93 Cr and were net sellers in index futures to the tune of 906.76 Cr.

* India VIX increased by 0.02% to close at 10.94 touching an intraday high of 11.17.

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, 19900, 19700, 19600 strike Calls indicating that the market is likely to be range bound in the near term.

* Highest OI build-up is seen at 19500 strike Calls and 19400 strike Puts, to the tune of 24.39mn and 18.75mn respectively.

Outlook on Nifty:

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

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