Index is likely to open on a flat note today and is likely to remain range-bound during the day - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/0781358e4570867c9dc7dd9b6c6d0ef7.jpg)
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Market Summary:
* Indian markets closed on a negative note where selling was mainly seen in Banking, Technology, Finance sectors. Nifty Oct Future closed at 17530.20 (down 91.55 points) at a discount of 1.85 pts to spot.
* FIIs were net buyers in Cash to the tune of 131.39 Cr and were net buyers in index futures to the tune of 415.84 Cr.
* India VIX decreased by 6.48% to close at 17.21 touching an intraday high of 19.08.
Open Interest in Nifty Options:
* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 17500, 17400, 17200, 17000 strike Puts and at 17500, 17600, 17700, 18000 Calls indicating bearish undertone in the market in the near term.
* Highest OI build-up is seen at 18000 strike Call and 17000 strike Put, to the tune of 7.71mn and 8.06mn respectively.
Outlook on Nifty:
* Index is likely to open on a flat note today and is likely to remain range-bound during the day.
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