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Summary

* Indian markets closed on a negative note where selling was mainly seen in FMCG, IT & Realty Sectors. Nifty Sept Futures closed at 24651.70 (down 79.80 points) at a premium of 150.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 3856.51 Cr and were net sellers in index futures to the tune of 2868.11 Cr.

* India VIX decreased by 0.12% to close at 12.18 touching an intraday high of 13.15.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 24700, 24600, 24500 strike Calls and Liquidations at 24200, 24300, 24400,24500 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 19.08mn and 15.83mn 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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