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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metals, Oil & Gas & IT Sectors. Nifty Aug Futures closed at 24898.20 (down 224.30 points) at a premium of 28.10 pts to spot.

* FIIs were net sellers in Cash to the tune of 1622.52 Cr and were net sellers in index futures to the tune of 657.72 Cr.

* India VIX increased by 3.12% to close at 11.73 touching an intraday high of 11.79.

* 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 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 25000 strike Puts, to the tune of 23.00mn and 14.20mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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