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Summary

* Indian markets closed on a negative note where selling was mainly seen in Oil & Gas, Automobiles & Financial Services Sectors. Nifty Jul Futures closed at 25032.30 (down 143.20 points) at a premium of 63.90 pts to spot.

* FIIs were net buyers in Cash to the tune of 374.74 Cr and were net sellers in index futures to the tune of 2395.42 Cr.

* India VIX increased by 1.33% to close at 11.39 touching an intraday high of 11.86.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25200, 25100, 25000, 24900 strike Calls and at 24700, 24800, 24900, 25000 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 14.78mn and 16.66mn respectively.

Outlook on Nifty:

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

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