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Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, Realty, Pharmaceuticals. Nifty Sept Futures closed at 24967.70 (down 144.20 points) at a premium of 76.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 4995.42 Cr and were net sellers in index futures to the tune of 509.53 Cr.

* India VIX increased by 2.47% to close at 10.78 touching an intraday high of 10.90.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25300,25200,25100,25000 strike Calls and at 24600, 24700, 24800,24900 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 22.77mn and 18.17mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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