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Summary

* Indian markets closed on a flat note where buying was mainly seen in Banking, IT, Realty Sectors. Nifty Dec Futures closed at 24561.70 (up 14.70 points) at a premium of 94.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 1797.60 Cr and were net buyers in index futures to the tune of 1099.42 Cr.

* India VIX increased by 0.53% to close at 14.45 touching an intraday high of 14.80.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24400, 24500, 24600 strike Puts and at 24900, 24800, 24600, 24500 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 25.23mn and 23.73mn respectively.

Open Interest in Nifty Options:

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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