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Summary

* Indian markets closed on a positive note where buying was mainly seen in FMCG, Automobiles, Pharmaceuticals. Nifty Sept Futures closed at 25757.80 (up 101.70 points) at a premium of 47.95 pts to spot.

* FIIs were net buyers in Cash to the tune of 308.98 Cr and were net buyers in index futures to the tune of 3991.01 Cr.

* India VIX increased by 6.99% to close at 11.63 touching an intraday high of 11.81.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25800, 25900, 26000 strike Calls and at 25700, 25600, 25500 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 30.41mm and 26.21mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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