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Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, Metals, Automobiles Sectors. Nifty June Futures closed at 24868.80 (down 127.40 points) at a premium of 15.40 pts to spot.

* FIIs were net buyers in Cash to the tune of 1482.77 Cr and were net buyers in index futures to the tune of 393.87 Cr.

* India VIX decreased by 2.93% to close at 14.40 touching an intraday high of 15.02.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24900, 24800 strike Calls and liquidations at 24500, 24700, 24800 strike Calls indicating market is likely to remain negative in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 20.83mn and 14.41mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain negative during the day.

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