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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metals, Banking, Realty sectors. Nifty Sept Futures closed at 25998.20 (up 53.50 points) at a discount of 5.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 973.94 Cr and were net sellers in index futures to the tune of 679.38 Cr.

* India VIX decreased by 7.37% to close at 12.74 touching an intraday high of 13.61.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25800, 25900, 26000 strike Puts and at 26200, 26100, 26000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 17.32mn and 14.74mn 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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