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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, FMCG, Pharmaceuticals Sectors. Nifty May Futures closed at 24832.20 (up 57.60 points) at a premium of 18.75 pts to spot.

* FIIs were net buyers in Cash to the tune of 2201.79 Cr and were net buyers in index futures to the tune of 201.42 Cr.

* India VIX increased by 0.93% to close at 17.55 touching an intraday high of 18.00.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25400, 25300, 24800 strike Calls and at 24600, 24700, 24800, 24900 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 24500 strike Puts, to the tune of 23.00mn and 14.63mn 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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