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Summary

* Indian markets closed on a flat note where buying was mainly seen in IT, Pharma, FMCG Sectors. Nifty Sept Futures closed at 24950.30 (up 57.60 points) at a premium of 81.70 pts to spot.

* FIIs were net buyers in Cash to the tune of 2050.46 Cr and were net buyers in index futures to the tune of 280.24 Cr.

* India VIX decreased by 1.40% to close at 10.69 touching an intraday high of 11.45.

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25200, 25100, 25000,24900 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 25000 strike Puts, to the tune of 16.66mn and 11.77mn 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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