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Summary

* Indian markets closed on a negative note where selling was mainly seen in Media, FMCG, IT Sectors. Nifty Jul Futures closed at 25546.10 (down 97.20 points) at a premium of 92.70 pts to spot.

* FIIs were net sellers in Cash to the tune of 1561.62 Cr and were net sellers in index futures to the tune of 2057.49 Cr.

* India VIX decreased by 0.65% to close at 12.45 touching an intraday high of 12.66.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25600, 25500, 25400 strike Calls and at 25200, 25300, 25400, strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 29.15mn and 24.10mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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