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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, FMCG, Metals Sectors. Nifty May Futures closed at 24879.90 (up 227.70 points) at a premium of 26.75 pts to spot.

* FIIs were net buyers in Cash to the tune of 1794.59 Cr and were net buyers in index futures to the tune of 151.93 Cr.

* India VIX increased by 0.11% to close at 17.28 touching an intraday high of 17.52.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25100, 24900 strike Calls and at 24600, 24700, 24800, 24900 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 24500 strike Puts, to the tune of 13.11mn and 13.40mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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