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Market Summary:

* Indian markets closed on a flattish note where selling was mainly seen in Chemicals, Power, Realty sectors. Nifty Nov Future closed at 18451.8 (down 10.20 points) at a premium of 42.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 386 Cr and were net buyers in index futures to the tune of 1845.11 Cr.

* India VIX increased by 3.17% to close at 15.10 touching an intraday high of 15.53

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 18400, 18200 strike Puts and at 18400, 18500 strike Calls indicating that the market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 18500 strike Calls and 18000 strike Puts, to the tune of 12.49mn and 14.02mn respectively.

Outlook on Nifty:

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

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