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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals, Banking sectors. Nifty Sept Futures closed at 25356.30 (up 417.85 points) at a discount of 32.60 pts to spot.

* FIIs were net buyers in Cash to the tune of 7695.00 Cr and were net buyers in index futures to the tune of 2579.61 Cr.

* India VIX decreased by 3.26% to close at 13.18 touching an intraday high of 13.63.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 25200, 25300 strike Puts and liquidation at 25500, 25400, 25300, 25200 strike Calls indicating market is likely to remain positive the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 10.73mn and 20.22mn 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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