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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Technology sectors. Nifty July Future closed at 15854.90 (down 33.05 points) at a premium of 40.25 pts to spot.

*  FIIs were net sellers in Cash to the tune of 1658.72 Cr and were net sellers in index futures to the tune of 728.76 Cr.

* India VIX increased by 0.26% to close at 13.40 touching an intraday high of 13.77.

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 15900, 15800, 15500 strike Puts and at 15800, 15900, 16000, 16100 strike Calls indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 9.09mn and 6.65mn respectively.

Outlook on Nifty:

* Index is likely to open on a flattish note today and is likely to remain positive during the day.

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