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Summary

* Indian markets closed on a flattish note where selling was mainly seen in FMCG, IT,Realty. Nifty Sept Futures closed at 26090.10 (up 76.60 points) at a premium of 153.90 pts to spot.

* FIIs were net buyers in Cash to the tune of 10339.80 Cr and were net sellers in index futures to the tune of 3367.83 Cr.

* India VIX increased by 0.80% to close at 11.95 touching an intraday high of 12.64

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 26000,26100, 26200, 26300 strike Calls and at 25900, 25800, 25700,25600 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 16.32mm and 14.09mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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