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Summary

* Indian markets closed on a positive note where buying was mainly seen in Media, Pharmaceuticals, Finance. Nifty Sept Futures closed at 24967.20 (up 188.90 points) at a premium of 130.90 pts to spot.

* FIIs were net sellers in Cash to the tune of 1605.20 Cr and were net sellers in index futures to the tune of 128.14 Cr.

* India VIX decreased by 7.02% to close at 10.29 touching an intraday high of 11.26

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25000,24900,24800 strike Calls and at 24500, 24600, 24700,24800 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 19.04mm and 19.55mn 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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