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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Metals, Oil & Gas Sectors. Nifty May Futures closed at 24715.90 (up 75.70 points) at a premium of 49.00 pts to spot.

* FIIs were net buyers in Cash to the tune of 931.80 Cr and were net buyers in index futures to the tune of 257.51 Cr.

* India VIX decreased by 5.35% to close at 17.23 touching an intraday high of 19.24.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24900, 24800, 24700 strike Calls and at 24400, 24500, 24600, 24700 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 24000 strike Puts, to the tune of 26.19mn and 27.02mn respectively.

Open Interest in Nifty Options:

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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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