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Summary

* Indian markets closed on a positive note where buying was mainly seen in Pharmaceuticals, FMCG, Metals sectors. Nifty Aug Futures closed at 24798.15 (up 86.90 points) at a premium of 27.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 799.74 Cr and were net sellers in index futures to the tune of 727.93 Cr.

* India VIX decreased by 3.52% to close at 13.33 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 24600, 24700, 24800 strike Puts and at 25000, 24900, 24800 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 19.79mn and 17.17mn respectively.

Outlook on Nifty:

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

Open Interest in Nifty Options:

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