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Summary

* Indian markets closed on a flat note where selling was mainly seen in Metals, Information Technology, Oil & Gas sectors. Nifty Sept Futures closed at 25354.55 (up 14.10 points) at a premium of 74.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 1029.25 Cr and were net buyers in index futures to the tune of 388.96 Cr.

* India VIX decreased by 0.96% to close at 13.84 touching an intraday high of 14.15.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 25100, 25200, 25300 strike Puts and at 25600, 25500, 25400, 25300 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 21.08mn and 17.91mn 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 range bound during the day

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