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Summary

* Indian markets closed on a flat note where buying was mainly seen in Banking, Financial Services, Pharmaceutical sectors. Nifty Aug Futures closed at 25017.70(down 25.60 points) at a discount of 0.05 pts to spot.

* FIIs were net buyers in Cash to the tune of 1503.76 Cr and were net buyers in index futures to the tune of 2058.26 Cr.

* India VIX decreased by 1.17% to close at 13.63 touching an intraday high of 14.01

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24600, 24700, 25000 strike Puts and at 25300, 25200, 25100, 25000 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 15.02mn and 17.03mn 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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