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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metals, Banking, Oil & Gas sectors. Nifty Aug Futures closed at 24161.00 (down 195.80 points) at a premium of 22.00 pts to spot.

* FIIs were net sellers in Cash to the tune of 2107.17 Cr and were net sellers in index futures to the tune of 2421.44 Cr.

* India VIX increased by 1.89% to close at 16.17 touching an intraday high of 16.38.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23700, 23800, 23900, 24100 strike Puts and at 24400, 24300, 24200, 24100 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 15.63mn and 14.31mn 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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