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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobiles, Financial Services sectors. Nifty Oct Futures closed at 25049.55 (down 68.35 points) at a premium of 85.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 4162.66 Cr and were net buyers in index futures to the tune of 316.07 Cr.

* India VIX decreased by 1.24% to close at 13.22 touching an intraday high of 13.70.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25400, 25300, 25200, 25100 strike Calls and at 24700, 24800, 24900, 25000 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 11.89mn and 14.08mn 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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