India VIX decreased by 2.27% to close at 11.69 touching an intraday high of 12.31 - Nirmal Bang Ltd

Summary
* Indian markets closed on a flattish note where buying was mainly seen in IT, Auto, Pharma Sectors. Nifty Aug Futures closed at 24673.40 (up 38.50 points) at a premium of 77.25 pts to spot.
* FIIs were net sellers in Cash to the tune of 4997.19 Cr and were net sellers in index futures to the tune of 1130.92 Cr.
* India VIX decreased by 2.27% to close at 11.69 touching an intraday high of 12.31.
* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25000, 24900, 24800, 24700 strike Calls and at 24300, 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 15.10mn and 14.46mn 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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