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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Pharmaceuticals, Metals Sectors. Nifty June Futures closed at 24942.80 (up 180.30 points) at a premium of 109.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 884.03 Cr and were net sellers in index futures to the tune of 2864.82 Cr.

* India VIX decreased by 8.86% to close at 16.42 touching an intraday high of 18.02.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24900, 24800, 24700 strike Calls and at 24600, 24700, 24800, 24900 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 12.82mn and 8.91mn respectively

Open Interest in Nifty Options:

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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