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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metals Financial Services, Oil & Gas Sectors. Nifty Jul Futures closed at 25750.20 (up 135.20 points) at a premium of 112.40 pts to spot.

* FIIs were net buyers in Cash to the tune of 1397.02 Cr and were net buyers in index futures to the tune of 290.80 Cr.

* India VIX decreased by 1.60% to close at 12.39 touching an intraday high of 12.92.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 26000, 25900, 25800, 25700 strike Calls and at 25400, 25500, 25600, 25700 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 15.82mn and 21.11mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain range bound during the day

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