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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Sep Future closed at 20249.60 (up 77.60 points) at a premium of 57.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 164.42 Cr and were net buyers in index futures to the tune of 280.21 Cr.

* India VIX decreased by 3.66% to close at 10.90 touching an intraday high of 11.32.

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 20200, 20300 strike Puts while liquidation was seen in 20100, 20200, 20300 strike Calls indicating that the market is likely to remain positive in the near term.

* Highest OI build-up is seen at 20500 strike Calls and 20000 strike Puts, to the tune of 9.29mn and 13.33mn 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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