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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metals, Oil & Gas & Pharmaceutical Sectors. Nifty Aug Futures closed at 24731.50 (down 258.20 points) at a premium of 19.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 6516.49 Cr and were net sellers in index futures to the tune of 1302.89 Cr.

* India VIX increased by 3.69% to close at 12.19 touching an intraday high of 12.55.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 24900, 24800, 24700 strike Calls and at 24500, 24600, 24700 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 27.98mn and 13.98mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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