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Summary

* Indian markets closed on a flat note where buying was mainly seen in Automobiles, Consumer Durables, Metals Sectors. Nifty May Futures closed at 24461.40 (up 30.00 points) at a premium of 47.00 pts to spot.

* FIIs were net buyers in Cash to the tune of 2585.86 Cr and were net buyers in index futures to the tune of 469.18 Cr.

* India VIX increased by 0.34% to close at 19.06 touching an intraday high of 19.73.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24600, 24500, 24400, 24300 strike Calls and at 24000, 24100, 24200, 24300, 24400 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 26.46mn and 23.70mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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