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Summary

* Indian markets closed on flat note where buying was mainly seen in Oil & Gas, FMCG, Pharmaceutical sectors. Nifty Aug Futures closed at 25032.25 (up 19.10 points) at a premium of 21.35 pts to spot.

* FIIs were net buyers in Cash to the tune of 2089.28 Cr and were net buyers in index futures to the tune of 1390.15 Cr.

* India VIX decreased by 2.41% to close at 12.93 touching an intraday high of 13.31.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24700, 24800, 24900 strike Puts and at 25300, 25200, 25100, 25000 strike Calls indicating market is likely to remain cautious in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 9.84mn and 9.80mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain cautious during the day.

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