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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Technology, Metals, Pharma sectors. Nifty July Future closed at 15869.00 (up 35.25 points) at a premium of 15.10 pts to spot.

* IIs were net sellers in Cash to the tune of 1303.95 Cr and were net buyers in index futures to the tune of 277.78 Cr.

* India VIX decreased by 0.25% to close at 12.59 touching an intraday high of 12.96.

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 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 11.33mn and 9.61mn 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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