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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metal, IT, Automobiles. Nifty Nov Futures closed at 25708.30 (down 190.60 points) at a premium of 110.65 pts to spot.

* FIIs were net sellers in Cash to the tune of 1067.01 Cr and were net sellers in index futures to the tune of 2023.25 Cr.

* India VIX decreased by 0.09% to close at 12.65 touching an intraday high of 12.94.

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25600, 25700, 25800, 25900 strike Calls and at 25500, 25400, 25300,25200 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 19.94mm and 17.10mn 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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