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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Metals, Finance sectors. Nifty Sep Future closed at 20178.85 (down 70.75 points) at a premium of 45.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 1236.51 Cr and were net sellers in index futures to the tune of 331.48 Cr.

* India VIX decreased by 0.61% to close at 10.84 touching an intraday high of 11.41.

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 20100, 19900, 19800 strike Puts and at 20100, 20200, 20300, 20400 strike Calls indicating that the market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 20200 strike Calls and 20000 strike Puts, to the tune of 13.65mn and 13.93mn respectively. 

Outlook on Nifty : Index is likely to open on a negative note today and is likely to remain rangebound during the day.

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