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Summary

* Indian markets closed on a positive note where buying was mainly seen in Auto, Metal, Oil & Gas Sectors. Nifty Aug Futures closed at 25033.50 (up 66.70 points) at a premium of 52.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 634.26 Cr and were net sellers in index futures to the tune of 35.11 Cr.

* India VIX decreased by 4.45% to close at 11.79 touching an intraday high of 12.34

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25400, 25300, 25200, 25100 strike Calls and at 24800, 24900, 25000, 25100 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 25000 strike Puts, to the tune of 22.49mn and 21.67mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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