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Summary

* Indian markets closed on a flat note where buying was mainly seen in Automobiles, FMCG, Oil & Gas Sectors. Nifty May Futures closed at 25078.70 (unchanged 0.00 points) at a premium of 58.90 pts to spot.

* FIIs were net buyers in Cash to the tune of 8831.05 Cr and were net sellers in index futures to the tune of 1792.89 Cr.

* India VIX decreased by 2.02% to close at 16.55 touching an intraday high of 17.06.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25300, 25200, 25100, 25000 strike Calls and at 24700, 24800, 24900, 25000 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 14.53mn and 13.95mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on flat note today and is likely to remain range bound during the day.

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