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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, FMCG, Automobile sectors. Nifty Oct Future closed at 17502.00 (up 201.70 points) at a premium of 15.05 pts to spot.

* FIIs were net sellers in Cash to the tune of 153.40 Cr and were net buyers in index futures to the tune of 2421.45 Cr.

* India VIX decreased by 5.23% to close at 17.45 touching an intraday high of 18.42.

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 17400, 17300, 17000 strike Puts and at 17500, 17600, 17700 strike Calls indicating that the index is likely to remain range bound in the near term.

* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 12.93mn and 15.42mn respectively.

Outlook on Nifty:

* Index is likely to open on a positive note today and is likely to remain range-bound during the day.

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