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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metals, Automobiles, FMCG sectors. Nifty Oct Futures closed at 26308.85 (up 310.65 points) at a premium of 92.80 pts to spot.

* FIIs were net buyers in Cash to the tune of 629.96 Cr and were net buyers in index futures to the tune of 474.48 Cr.

* India VIX decreased by 7.12% to close at 12.00 touching an intraday high of 12.74.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 26100, 26200, 26300 strike Puts and liquidation at 26500, 26400, 26300, 26200 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 9.11mn and 12.95mn respectively.

Outlook on Nifty:

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

Open Interest in Nifty Options:

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