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Summary

* Indian markets closed on a flat note where buying was mainly seen in Automobiles, Pharmaceuticals, Oil & Gas sectors. Nifty Aug Futures closed at 24455.40 (up 66.65 points) at a premium of 49.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 2605.49 Cr and were net sellers in index futures to the tune of 3087.52 Cr.

* India VIX increased by 7.26% to close at 12.62 touching an intraday high of 13.22.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24000, 24100, 24200, 24300 strike Puts and at 24600, 24500, 24400, strike Calls 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 9.04mn and 10.24mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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