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Summary

* Indian markets closed on a positive note where buying was mainly seen in PSU Banks, Metal, Realty. Nifty Sept Futures closed at 26013.50 (up 198.70 points) at a premium of 47.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 55.58 Cr and were net sellers in index futures to the tune of 243.17 Cr.

* India VIX increased by 3.34% to close at 11.98 touching an intraday high of 12.73

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26100, 26300, 26400 strike Calls and at 25900, 25800, 25700 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26500 strike Calls and 26000 strike Puts, to the tune of 23.70mm and 22.83mn 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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