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Summary

* Indian markets closed on a flattish note where buying was mainly seen in FMCG, Metal & Realty Sectors. Nifty Sept Futures closed at 24691.80 (down 56.20 points) at a premium of 122.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 1159.48 Cr and were net sellers in index futures to the tune of 1473.33 Cr.

* India VIX increased by 0.95% to close at 11.40 touching an intraday high of 11.78.

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25000,24900, 24800, 24700, strike Calls and at 24200, 24300 24400, 24500 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 24000 strike Puts, to the tune of 15.15mn and 14.78mn 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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