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Summary

* Indian markets closed on a negative note where selling was mainly seen in Finance, FMCG, Banking Sectors. Nifty Aug Futures closed at 24554.90 (down 73.00 points) at a premium of 67.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 3398.80 Cr and were net sellers in index futures to the tune of 1025.08 Cr.

* India VIX increased by 0.12% to close at 12.23 touching an intraday high of 12.42.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 24800, 24700, 24600,24500 strike Calls and liquidations at 24200, 24300, 24400, 24500 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 28.06mn and 20.87mn 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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