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Summary

* Indian markets closed on a flat note where buying was mainly seen in Automobile, Finance, Metals Sectors. Nifty Sept Futures closed at 24847.70 (up 20.20 points) at a premium of 106.70 pts to spot.

* FIIs were net sellers in Cash to the tune of 1304.91 Cr and were net sellers in index futures to the tune of 520.20 Cr.

* India VIX decreased by 0.66% to close at 10.78 touching an intraday high of 11.44

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25000, 25100, 25200 strike Calls and at 24800, 24700, 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 24500 strike Puts, to the tune of 30.24mn and 18.78mn 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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