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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Sep Future closed at 19872.45 (up 103.75 points) at a premium of 52.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 224.22 Cr and were net buyers in index futures to the tune of 406.85 Cr.

* India VIX decreased by 0.85% to close at 10.78 touching an intraday high of 10.97.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19800, 19900, 20000 strike Puts while liquidation was seen in 19700, 19800, 19900, 20000 strike Calls indicating that the market is likely to remain positive in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 14.41mn and 15.82mn respectively.

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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