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Summary

* Indian markets closed on a positive note where buying was mainly seen in Media, IT, Metal sectors. Nifty Jul Future closed at 19598.85 (up 124.05 points) at a premium of 34.35 pts to spot.

* FIIs were net buyers in Cash to the tune 2636.43 Cr and were net buyers in index futures to the tune of 252.22 Cr.

* India VIX decreased by 2.33% to close at 10.68 touching an intraday high of 10.94.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen at 19400, 19300, 19200 strike Puts and at 20000, 19900, 19700, 19600, 19500 strike Calls indicating that the market is likely to be positive in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19500 strike Puts, to the tune of 12.66mn and 15.36mn respectively

Outlook on Nifty:

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

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