India VIX increased by 3.74% to close at 11.98 touching an intraday high of 12.11 - Nirmal Bang Ltd

Summary
* Indian markets closed on a negative note where selling was mainly seen in Automobiles, Metals & Pharmaceutical Sectors. Nifty Aug Futures closed at 24627.20 (down 244.40 points) at a premium of 61.85 pts to spot.
* FIIs were net sellers in Cash to the tune of 3366.40 Cr and were net sellers in index futures to the tune of 3820.69 Cr.
* India VIX increased by 3.74% to close at 11.98 touching an intraday high of 12.11.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24900, 24800, 24700, 24600 strike Calls and at 24300, 24400, 24500, 24600 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 24000 strike Puts, to the tune of 20.16mn and 16.26mn respectively.
Open Interest in Nifty Options:
Outlook on Nifty:
Index is likely to open on a positive note note today and is likely to remain range bound during the day
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