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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Pharma sectors. Nifty July Future closed at 15833.80 (up 121.85 points) at a premium of 21.45 pts to spot.

* FIIs were net buyers in Cash to the tune of 113.83 Cr and were net buyers in index futures to the tune of 2572.74 Cr.

* India VIX decreased by 2.84% to close at 12.62 touching an intraday high of 12.99.

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, 15700 strike Puts and at 16000, 16100, 16200 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 10.52mn and 8.78mn 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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