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Summary

* Indian markets closed on a flat note where buying was mainly seen in IT, Automobiles & FMCG Sectors. Nifty Jul Futures closed at 25245.80 (down 19.80 points) at a premium of 33.75 pts to spot.

* FIIs were net sellers in Cash to the tune of 1858.15 Cr and were net sellers in index futures to the tune of 690.96 Cr.

* India VIX decreased by 2.09% to close at 11.24 touching an intraday high of 11.67.

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 25500, 25400, 25300, 25200 strike Calls and at 24900, 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 22.77mn and 26.37mn respectively.

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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