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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Metals, Oil & Gas Sectors. Nifty June Futures closed at 24729.40 (up 54.10 points) at a premium of 109.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 1076.18 Cr and were net buyers in index futures to the tune of 57.15 Cr.

* India VIX decreased by 4.89% to close at 15.75 touching an intraday high of 17.06.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24900, 24700, 24600 strike Calls and at 24400, 24500, 24600 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 24000 strike Puts, to the tune of 25.15mn and 22.34mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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