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Summary

* Indian markets closed on a flat note where buying was mainly seen in Banking, Information Technology, Metals sectors. Nifty Sept Futures closed at 25236.75 (down 11.05 points) at a premium of 91.65 pts to spot.

* FIIs were net sellers in Cash to the tune of 688.69 Cr and were net sellers in index futures to the tune of 670.19 Cr.

* India VIX decreased by 1.18% to close at 14.21 touching an intraday high of 14.38.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 25000, 25100, 25200 strike Puts and at 25400, 25300, 25200 strike Calls indicating market is likely to remain range bound the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 14.92mn and 18.04mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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