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Summary

*  Indian markets closed on a flattish note where selling was mainly seen in Media, IT, Automobiles. Nifty Sept Futures closed at 24685.00 (down 4.90 points) at a premium of 50.10 pts to spot.

*  FIIs were net sellers in Cash to the tune of 2831.59 Cr and were net sellers in index futures to the tune of 528.13 Cr.

*  India VIX decreased by 0.52% to close at 11.37 touching an intraday high of 11.73.

*  The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25000,24900,24800,24700 strike Calls and at 24300, 24400, 24600 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 28.84mn and 25.56mn 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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