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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobile, Technology sectors. Nifty Dec Future closed at 18328.65 (down 138.35 points) at a premium of 59.65 pts to spot.

* FIIs were net sellers in Cash to the tune of 1975.44 Cr and were net buyers in index futures to the tune of 513.78 Cr.

* India VIX increased by 2.45% to close at 14.07 touching an intraday high of 14.22.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen 18300, 18400 strike Calls while liquidation was seen in 18400, 18300, 18200 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 19000 strike Calls and 18000 strike Puts, to the tune of 19.10mn and 13.41mn respectively.

Outlook on Nifty:

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

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