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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Realty, Financial Services Sectors. Nifty Jul Futures closed at 25611.90 (up 73.00 points) at a premium of 89.40 pts to spot.

* FIIs were net sellers in Cash to the tune of 26.12 Cr and were net sellers in index futures to the tune of 268.91 Cr.

* India VIX decreased by 2.90% to close at 12.20 touching an intraday high of 12.71.

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 25900, 25800, 25700 strike Calls and at 25400, 25500, 25600, 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 23.28mn and 21.57mn 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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