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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Realty, Automobile. Nifty Sept Futures closed at 25331.40 (up 166.70 points) at a premium of 92.30 pts to spot. ? FIIs were net buyers in Cash to the tune of 308.32 Cr and were net buyers in index futures to the tune of 2205.69 Cr.

* India VIX decreased by 1.20% to close at 10.27 touching an intraday high of 10.50

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25500, 25400, 25300 strike Calls and at 24900, 25000, 25100 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 10.03mn and 17.32mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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