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Summary

* Indian markets closed on a flat note where selling was mainly seen in IT, Metals, Consumer Durables Sectors. Nifty Jul Futures closed at 25538.90 (down 1.20 points) at a premium of 77.60 pts to spot.

* FIIs were net buyers in Cash to the tune of 321.16 Cr and were net sellers in index futures to the tune of 668.04 Cr.

* India VIX increased by 1.98% to close at 12.56 touching an intraday high of 12.79.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25800, 25600, 25500 strike Calls and at 25300, 25400, 25500, strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 19.84mn and 19.73mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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