Index is likely to open on a flattish note today and is likely to remain range bound during the day - Nirmal Bang Ltd

Summary
* Indian markets closed on a flat note where buying was mainly seen in IT, Metals, Pharmaceutical Sectors. Nifty June Futures closed at 25211.70 (up 51.10 points) at a premium of 51.10 pts to spot.
* FIIs were net sellers in Cash to the tune of 446.31 Cr and were net buyers in index futures to the tune of 1245.63 Cr.
* India VIX decreased by 2.47% to close at 13.67 touching an intraday high of 14.16.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25100, 25000 strike Puts and at 25200, 25300, 25400 strike Calls indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 19.89mn and 20.27mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to remain range bound during the day
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