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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metal, PSU Banks, FMCG. Nifty Sept Futures closed at 25006.60 (up 39.40 points) at a premium of 112.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 1583 Cr and were net sellers in index futures to the tune of 2353.15 Cr.

* India VIX decreased by 2.21% to close at 10.06 touching an intraday high of 10.62.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25200, 25100, 24900 strike Calls and at 24900, 24800, 24500 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 24800 strike Puts, to the tune of 22.92mm and 18.87mn 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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