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Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, Automobile, Metals Sectors. Nifty June Futures closed at 24871.20 (down 71.60 points) at a premium of 120.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 6449.74 Cr and were net sellers in index futures to the tune of 1080.57 Cr.

* India VIX decreased by 2.08% to close at 16.08 touching an intraday high of 16.55.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24800, 24900, 25000, 25500 strike Calls and at 24800, 24700, 24600, 24500 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 25000 strike Puts, to the tune of 15.87mn and 9.38mn 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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