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Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, Oil & Gas, Metals Sectors. Nifty Jul Futures closed at 25558.80 (down 53.10 points) at a premium of 82.70 pts to spot.

* FIIs were net buyers in Cash to the tune of 77.00 Cr and were net sellers in index futures to the tune of 991.43 Cr.

* India VIX decreased by 2.09% to close at 11.94 touching an intraday high of 12.36.

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 25100, 25200, 25400, 25500, 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 28.24mn and 23.81mn 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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