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Summary

* Indian markets closed on a positive note where buying was mainly seen in Pharmaceuticals, IT, Consumer Durables sectors. Nifty Sept Futures closed at 25083.00 (up 98.00 points) at a premium of 41.90 pts to spot.

* FIIs were net buyers in Cash to the tune of 2208.63 Cr and were net buyers in index futures to the tune of 168.90 Cr.

* India VIX decreased by 6.16% to close at 13.36 touching an intraday high of 14.24.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24800, 24900, 25000 strike Puts and at 25500, 25400, 25100 strike Calls indicating market is likely to remain positive the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 13.82mn and 19.80mn respectively.

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain positive during the day.

Open Interest in Nifty Options:

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