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Summary

* Indian markets closed on a flat note where buying was mainly seen in Metals, Oil & Gas, IT sectors. Nifty Sept Futures closed at 25944.70 (up 26.85 points) at a premium of 4.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 2784.14 Cr and were net sellers in index futures to the tune of 1482.20 Cr.

* India VIX decreased by 3.08% to close at 13.39 touching an intraday high of 14.11.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25800, 25900, 26000 strike Puts and at 26200, 26100, 26000 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25500 strike Puts, to the tune of 15.56mn and 11.77mn respectively.

Outlook on Nifty:

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

Open Interest in Nifty Options:

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