Index is likely to open on a gap up note today and is likely to remain positive during the day - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/4720066845a0332940fd19bdabd63ea3.jpg)
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Market Summary:
* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Automobile sectors. Nifty Oct Future closed at 1732.50 (up 168.10 points) at a premium of 2.20 pts to spot.
* FIIs were net sellers in Cash to the tune of 153.89 Cr and were net buyers in index futures to the tune of 1709.40 Cr.
* India VIX increased by 0.82% to close at 17.42 touching an intraday high of 17.67.
Open Interest in Nifty Options:
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 17800, 17700, 17600 strike Puts and at 17800, 18000 strike Calls indicating bullish undertone in the market in the near term.
* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 13.92mn and 14.05mn respectively.
Outlook on Nifty:
* Index is likely to open on a gap up note today and is likely to remain positive during the day.
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