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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals, Oil & Gas Sectors. Nifty May Futures closed at 25078.70 (up 362.80 points) at a premium of 16.60 pts to spot.

* FIIs were net buyers in Cash to the tune of 5392.94 Cr and were net buyers in index futures to the tune of 3957.71 Cr.

* India VIX decreased by 1.93% to close at 16.89 touching an intraday high of 17.67.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 25300, 25200, 25100, 25000 strike Calls and additions at 24800, 24900, 25000, 25100 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 11.88mn and 10.92mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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