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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Pharmaceuticals, Oil & Gas Sectors. Nifty June Futures closed at 24861.40 (up 132.00 points) at a premium of 110.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 208.47 Cr and were net sellers in index futures to the tune of 787.40 Cr.

* India VIX decreased by 4.20% to close at 15.08 touching an intraday high of 15.93.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 25000, 24900, 24800, 24700 strike Calls and at 24500, 24600, 24700 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 12.77mn and 14.17mn respectively.

Open Interest in Nifty Options:

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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