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Summary

*  Indian markets closed on a negative note where selling was mainly seen in Metals, Oil & Gas, Banking Sectors. Nifty Nov Futures closed at 24219.85 (down 80.65 points) at a premium of 71.65 pts to spot.

*  FIIs were net sellers in Cash to the tune of 3404.04 Cr and were net sellers in index futures to the tune of 314.42 Cr.

*  India VIX decreased by 2.45% to close at 14.47 touching an intraday high of 15.73.

*  The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 24100, 24200 strike Puts and at 24500, 24400, 24300, 24200 strike Calls indicating market is likely to remain cautious in the near term.

*  Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 15.10mn and 11.70mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain cautious during the day.

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