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Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, Pharmaceutical, FMCG Sectors. Nifty Jul Futures closed at 25421.90 (down 136.90 points) at a premium of 66.65 pts to spot.

* FIIs were net buyers in Cash to the tune of 221.06 Cr and were net sellers in index futures to the tune of 1833.94 Cr.

* India VIX decreased by 2.24% to close at 11.67 touching an intraday high of 12.19.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation 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 15.14mn and 16.65mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain range bound during the day.

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