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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobile, Finance sectors. Nifty Jul Future closed at 19646.90 (down 127.10 points) at a discount of 13 pts to spot.

* FIIs were net sellers in Cash to the tune 3979.44 Cr and were net sellers in index futures to the tune of 3090.33 Cr.

* India VIX increased by 0.52% to close at 10.51 touching an intraday high of 10.98

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 19800, 19600, 19500 strike Puts and at 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 19800 strike Calls and 19600 strike Puts, to the tune of 21.30mn and 14.17mn 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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