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Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, FMCG, Oil & Gas Sectors. Nifty June Futures closed at 24675.30 (down 151.00 points) at a premium of 132.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 2853.83 Cr and were net sellers in index futures to the tune of 2546.99 Cr.

* India VIX decreased by 3.51% to close at 16.56 touching an intraday high of 17.73.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24700, 24600, 24500 strike Calls and at 24300, 24400, 24600 strike Puts 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 23.77mn and 18.46mn respectively.

Open Interest in Nifty Options:

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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