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Summary

* Indian markets closed on a negative note where selling was mainly seen in Automobile, Metals, Banking sectors. Nifty Dec Future closed at 17863.90 (down 306.45 points) at a premium of 57.10 pts to spot.

* FIIs were net sellers in Cash to the tune of 706.84 Cr and were net sellers in index futures to the tune of 550.85 Cr.

* India VIX increased by 6.40% to close at 16.16 touching an intraday high of 16.48.

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, 17900, 18000, 18100 strike Calls while liquidation was seen in 18000, 18100 strike Puts indicating market is likely to remain under selling in the near term.

* Highest OI build-up is seen at 18000 strike Calls and 18000 strike Puts, to the tune of 11.14mn and 7.34mn respectively.

Outlook on Nifty:

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

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