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Summary

* Indian markets closed on a negative note where selling was mainly seen in Automobiles, Pharmaceuticals, Metals sectors. Nifty Oct Futures closed at 24843.80 (down 205.00 points) at a premium of 93.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 7421.40 Cr and were net sellers in index futures to the tune of 132.98 Cr.

*  India VIX increased by 2.56% to close at 13.39 touching an intraday high of 13.47

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 25200, 25100, 25000 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 12.20mn and 10.64mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain range bound during the day.

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