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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Metals, Technology sectors. Nifty Nov Future closed at 18008.40 (up 293.15 points) at a premium of 78.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 202.13 Cr and were net buyers in index futures to the tune of 58.38 Cr.

* India VIX decreased by 1.09% to close at 17.24 touching an intraday high of 18.10.

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 18000, 17900, 17800, 17500 strike Puts and at 18100, 18200, 18300, 18500 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 18000 strike Call and 17500 strike Put, to the tune of 10.20mn and 7.81mn 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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