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Summary

* Indian markets closed on a flat note where selling was mainly seen in Pharmaceuticals, IT, FMCG sectors. Nifty Oct Futures closed at 25117.90 (up 34.00 points) at a premium of 119.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 4926.61 Cr and were net sellers in index futures to the tune of 1663.62 Cr.

* India VIX decreased by 4.65% to close at 13.50 touching an intraday high of 14.12.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation 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 9.67mn and 13.75mn 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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