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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals, Oil & Gas Sectors. Nifty Nov Futures closed at 24299.55 (up 82.45 points) at a premium of 24.65 pts to spot.

* FIIs were net buyers in Cash to the tune of 7.78 Cr and were net sellers in index futures to the tune of 120.13 Cr.

*  India VIX decreased by 5.21% to close at 14.63 touching an intraday high of 15.31.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 24100, 24200, 24300 strike Puts and at 24700, 24600, 24500, 24400 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 19.98mn and 18.62mn 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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