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Summary

* Indian markets closed on a positive note where buying was mainly seen in Pharma, FMCG, Realty sectors. Nifty Sep Future closed at 19719.05 (up 42.00 points) at a premium of 2.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 354 Cr and were net sellers in index futures to the tune of 1188.92 Cr.

* India VIX increased by 3.57% to close at 11.59 touching an intraday high of 11.82.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19700, 19600, 19500 strike Puts and at 19800, 19900, 20000 strike Calls indicating that the market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 19800 strike Calls and 19500 strike Puts, to the tune of 18.42mn and 19.70mn respectively

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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