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Summary

* Indian markets closed on positive note where buying was mainly seen in Banking, FMCG, Metals Sectors. Nifty Dec Futures closed at 23769.75 (up 144.10 points) at a premium of 16.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 168.71 Cr and were net sellers in index futures to the tune of 644.11 Cr.

* India VIX decreased by 10.30% to close at 13.52 touching an intraday high of 16.88.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23700, 23800, 23900, 24000 strike Calls and at 23500, 23600, 23700, 23800 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24000 strike Calls and 23500 strike Puts, to the tune of 17.19mn and 13.55mn 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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