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Summary

* Indian markets closed on a negative note where selling was mainly seen in Finance, IT, Banking sectors. Nifty Sep Future closed at 19677.05 (down 23.45 points) at a premium of 12.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 693 Cr and were net sellers in index futures to the tune of 358.72 Cr.

* India VIX increased by 2.61% to close at 11.19 touching an intraday high of 11.29.

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 19600, 19500, 19200 strike Puts and at 19700, 19800, 19900, 20000 strike Calls indicating that the market is likely to remain cautious in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 16.80mn and 16.14mn respectively. 

Outlook on Nifty:

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

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