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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, FMCG, Oil & Gas sectors. Nifty Jul Futures closed at 24521.60 (up 138.95 points) at a premium of 19.45 pts to spot.

* FIIs were net buyers in Cash to the tune of 4021.60 Cr and were net buyers in index futures to the tune of 1414.40 Cr.

* India VIX decreased by 1.92% to close at 13.73 touching an intraday high of 14.05. 

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24400, 24300 strike Puts and at 25000, 24900, 24700 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 12.96mn and 14.35mn respectively. 

Open Interest in Nifty Options:

Outlook on Nifty:

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

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