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Summary

* Indian markets closed on a flattish note where selling was mainly seen in Automobiles, FMCG, IT. Nifty Sept Futures closed at 25411.20 (down 99.70 points) at a premium of 84.15 pts to spot.

* FIIs were net buyers in Cash to the tune of 390.74 Cr and were net sellers in index futures to the tune of 604.20 Cr.

* India VIX increased by 0.83% to close at 9.97 touching an intraday high of 10.26.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25700, 25600, 25500,25400 strike Calls and at 25100, ,25300 strike Puts indicating market is likely to remain sideways in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 30.82mn and 22.58mn respectively

Open Interest in Nifty Options:

Outlook on Nifty:

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

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