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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metals Automobiles, Oil & Gas Sectors. Nifty Jul Futures closed at 25614.20 (down 136.00 points) at a premium of 97.15 pts to spot.

* FIIs were net sellers in Cash to the tune of 831.50 Cr and were net sellers in index futures to the tune of 902.85 Cr.

* India VIX increased by 3.20% to close at 12.79 touching an intraday high of 13.03.

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 25700, 25600, 25500 strike Calls and at 25100, 25200 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 21.57mn and 20.36mn respectively.

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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