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Summary

* Indian markets closed on a negative note where selling was mainly seen in Automobiles, Oil & Gas, Metals sectors. Nifty Oct Futures closed at 24538.30 (down 250.50 points) at a premium of 66.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 3978.61 Cr and were net sellers in index futures to the tune of 218.62 Cr.

* India VIX increased by 4.21% to close at 14.40 touching an intraday high of 14.52

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24700, 24600, 24500 strike Calls and at 24200, 24300, 24400, 24500 strike Puts indicating market is likely to remain under pressure in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 18.34mn and 15.96mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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