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Summary

* Indian markets closed on a flat note where buying was mainly seen in Information Technology, Pharmaceutical sectors. Nifty Aug Futures closed at 25048.35(up 30.65 points) at a discount of 4.00 pts to spot.

* FIIs were net sellers in Cash to the tune of 1347.53 Cr and were net buyers in index futures to the tune of 2102.82 Cr.

* India VIX increased by 2.32% to close at 13.95 touching an intraday high of 14.09.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24700, 24800, 24900, 25000 strike Puts and at 25400, 25300, 25200, 25100 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 13.52mn and 20.38mn 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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