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Summary

* Indian markets closed on a flat note where selling was mainly seen in Media, FMCG, IT Sectors. Nifty Jul Futures closed at 25643.30 (up 29.10 points) at a premium of 101.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 1970.14 Cr and were net sellers in index futures to the tune of 115.67 Cr.

* India VIX decreased by 2.01% to close at 12.53 touching an intraday high of 12.99.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25700, 25600, 25500 strike Calls and at 25300, 25400, 25500, 25600 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 24.54mn and 21.61mn respectively.

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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