India VIX decreased by 2.13% to close at 11.71 touching an intraday high of 12.18 - Nirmal Bang Ltd

Summary
* Indian markets closed on a negative note where selling was mainly seen in FMCG, Pharma & Oil & Gas Sectors. Nifty Aug Futures closed at 24707.80 (down 85.30 points) at a premium of 58.25 pts to spot.
* FIIs were net sellers in Cash to the tune of 22.48 Cr and were net sellers in index futures to the tune of 2249.16 Cr.
* India VIX decreased by 2.13% to close at 11.71 touching an intraday high of 12.18.
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25000, 24900, 24800, 24700 strike Calls and at 24400, 24500, 24600 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 23.48mn and 20.49mn 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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