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Summary

* Indian markets closed on a negative note where selling was mainly seen in Realty, Pharmaceuticals, Metals Sectors. Nifty May Futures closed at 24431.40 (down 122.30 points) at a premium of 51.80 pts to spot.

* FIIs were net buyers in Cash to the tune of 3794.52 Cr and were net buyers in index futures to the tune of 552.14 Cr.

* India VIX increased by 3.58% to close at 19.00 touching an intraday high of 19.30

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24400, 24300 strike Calls and at 24000, 24200, 24300, 24400 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 25.69mn and 24.37mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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