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Summary

* Indian markets closed on a positive note where buying was mainly seen in Auto, Metal, Pharmaceutical Sectors. Nifty Aug Futures closed at 24712.20 (up 157.30 points) at a premium of 92.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 3644.43 Cr and were net buyers in index futures to the tune of 460.82 Cr.

* India VIX decreased by 0.75% to close at 12.14 touching an intraday high of 12.35.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25000, 24800,24700 strike Calls and at 24400, 24500, 24600, 24700 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 28.71mn and 26.00mn 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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