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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Pharmaceuticals, IT sectors. Nifty Aug Futures closed at 24915.45 (up 460.05 points) at a premium of 80.60 pts to spot.

* FIIs were net buyers in Cash to the tune of 2546.38 Cr and were net buyers in index futures to the tune of 4366.71 Cr.

* India VIX decreased by 2.93% to close at 12.25 touching an intraday high of 13.14.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24600, 24700, 24800 strike Puts and at 25100, 25000, 24900, strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 10.16mn and 10.94mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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