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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, FMCG, Metals sectors. Nifty Aug Futures closed at 24840.45 (up 42.30 points) at a premium of 28.95 pts to spot.

* FIIs were net buyers in Cash to the tune of 1371.79 Cr and were net buyers in index futures to the tune of 607.10 Cr.

* India VIX decreased by 2.49% to close at 13.00 touching an intraday high of 13.78.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24600, 24700, 24800 strike Puts and at 25100, 25000, 24900, 24800 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24500 strike Puts, to the tune of 9.15mn and 8.61mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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