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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals, Financial Services Sectors. Nifty June Futures closed at 25071.70 (up 78.40 points) at a premium of 27.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 5266.01 Cr and were net sellers in index futures to the tune of 1457.77 Cr.

* India VIX decreased by 2.88% to close at 13.64 touching an intraday high of 14.34.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25400, 25300, 25200, 25100 strike Calls and at 24800, 25000, 25100 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 17.04mn and 20.91mn respectively.

Outlook on Nifty:

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

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