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Summary

* Indian markets closed on a positive note where buying was mainly seen in PSU Banks, Realty, Pharmaceuticals. Nifty Sept Futures closed at 25411.00 (up 137.20 points) at a premium of 125.65 pts to spot.

* FIIs were net buyers in Cash to the tune of 459.20 Cr and were net buyers in index futures to the tune of 859.20 Cr.

* India VIX decreased by 0.17% to close at 10.10 touching an intraday high of 10.34.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25500, 25400,25300 strike Calls and at 25000, 25100,25200 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 18.88mm and 25.99mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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