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Summary

* Indian markets closed on a negative note where selling was mainly seen in Pharmaceuticals, IT, Oil & Gas sectors. Nifty Sept Futures closed at 25396.10 (down 53.70 points) at a premium of 18.55 pts to spot.

* FIIs were net buyers in Cash to the tune of 1153.69 Cr and were net buyers in index futures to the tune of 1418.93 Cr.

* India VIX increased by 6.21% to close at 13.37 touching an intraday high of 13.85.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25000, 25100 strike Puts and at 25600, 25500, 25400 strike Calls 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 19.38mn and 23.63mn respectively.

Outlook on Nifty:

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

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