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Summary

* Indian markets closed on a flat note where selling was mainly seen in IT, Oil & Gas, Metals sectors. Nifty Aug Futures closed at 24854.00 (up 13.55 points) at a premium of 30.85 pts to spot.

* FIIs were net buyers in Cash to the tune of 1944.48 Cr and were net buyers in index futures to the tune of 92.33 Cr.

* India VIX increased by 4.25% to close at 13.55 touching an intraday high of 13.62.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24700, 24800, 24900, 25000 strike Puts and at 25100, 25000, 24900, 24800 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 11.25mn and 9.95mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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