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Summary

* Indian markets closed on a flat note where buying was mainly seen in Pharmaceuticals, IT, Automobiles sectors. Nifty Oct Futures closed at 25083.90 (down 47.75 points) at a premium of 101.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 4562.71 Cr and were net sellers in index futures to the tune of 3652.68 Cr.

* India VIX decreased by 3.44% to close at 14.12 touching an intraday high of 14.59.

* 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 positive in the near term.

* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 18.34mn and 14.44mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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