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Summary

* Indian markets closed on a flattish note where selling was mainly seen in FMCG, Realty, IT. Nifty Sept Futures closed at 25255.80 (down 21.90 points) at a premium of 86.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 3551.19 Cr and were net buyers in index futures to the tune of 406.74 Cr.

* India VIX increased by 0.63% to close at 10.63 touching an intraday high of 10.90

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25500,25400,25300,25200 strike Calls and at 25000, 25100, 25200 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 19.88mn and 16.10mn 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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