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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Banking, FMCG sectors. Nifty Jul Futures closed at 24809.05 (up 164.60 points) at a premium of 8.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 5483.63 Cr and were net buyers in index futures to the tune of 2594.82 Cr.

* India VIX increased by 2.02% to close at 14.51 touching an intraday high of 14.71

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24400, 24500, 24600 strike Puts and at 25000, 24900, 24800, 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 7.96mn and 11.40mn 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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