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Summary

*  Indian markets closed on a positive note where buying was mainly seen in Banking, Metals, Pharmaceutical sectors. Nifty Oct Futures closed at 24348.45 (up 155.70 points) at a premium of 9.30 pts to spot.

*  FIIs were net sellers in Cash to the tune of 3228.08 Cr and were net buyers in index futures to the tune of 2702.06 Cr.

*  India VIX decreased by 2.34% to close at 14.29 touching an intraday high of 15.48.

*  The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24800, 24600, 24500, 24400 strike Calls and at 24100, 24200, 24300, 24400 strike Puts indicating market is likely to remain positive in the near term.

*  Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 15.39mn and 14.87mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain positive during the day.

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