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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Banking, FMCG sectors. Nifty Sept Futures closed at 25489.10 (up 93.00 points) at a premium of 73.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 2547.53 Cr and were net sellers in index futures to the tune of 924.28 Cr.

* India VIX decreased by 6.74% to close at 12.47 touching an intraday high of 13.37.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 25100, 25200, 25300, 25400 strike Puts and at 25700, 25600, 25500, 25400 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 11.81mn and 17.73mn respectively.

Outlook on Nifty:

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

Open Interest in Nifty Options:

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