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Summary

* Indian markets closed on a flattish note where buying was mainly seen in IT, Realty & Metal Sectors. Nifty Aug Futures closed at 24989.70 (up 91.50 points) at a premium of 21.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 2466.24 Cr and were net buyers in index futures to the tune of 205.42 Cr.

* India VIX increased by 0.25% to close at 11.76 touching an intraday high of 12.35.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25500, 25400, 25300, 25200 strike Calls and at 24700, 24800, 24900, 25000 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 21.67mn and 20.22mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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