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Summary

* Indian markets closed on a flattish note where selling was mainly seen in Metals, Pharmaceuticals, Oil & Gas sectors. Nifty Aug Futures closed at 24174.65 (up 13.65 points) at a premium of 30.90 pts to spot.

* FIIs were net sellers in Cash to the tune of 2595.27 Cr and were net sellers in index futures to the tune of 769.48 Cr.

* India VIX decreased by 4.40% to close at 15.44 touching an intraday high of 16.22.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23700, 23800, 23900, 24100 strike Puts and at 24400, 24300, 24200, 24100 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 7.75mn and 10.69mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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