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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, IT & Metal Sectors. Nifty Aug Futures closed at 24793.10 (up 165.90 points) at a premium of 70.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 2566.51 Cr and were net buyers in index futures to the tune of 204.35 Cr.

* India VIX decreased by 0.06% to close at 11.97 touching an intraday high of 12.63.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24900, 24800, 24700 strike Calls and additions at 24500, 24600, 24700, 24800 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 20.19mn and 19.06mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain range bound during the day.

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