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Summary

* Indian markets closed on a flattish note where selling was mainly seen in IT, Pharma, Automobile. Nifty Sept Futures closed at 25205.00 (up 100.50 points) at a premium of 91.00 pts to spot.

* FIIs were net sellers in Cash to the tune of 1268.59 Cr and were net buyers in index futures to the tune of 222.43 Cr.

* India VIX increased by 2.71% to close at 10.40 touching an intraday high of 10.68.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25100, 25200, 25300,25400 strike Calls and at 24800, 24900, 25000 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25100 strike Calls and 25000 strike Puts, to the tune of 22.88mn and 32.68mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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