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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Metals, Pharma sectors. Nifty Nov Future closed at 19841.30 (up 90.10 points) at a premium of 57.90 pts to spot.

* FIIs were net sellers in Cash to the tune of 455.59 Cr and were net buyers in index futures to the tune of 668.20 Cr.

* India VIX increased by 0.69% to close at 12.23 touching an intraday high of 12.44.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 19800, 19700 strike Puts and at 19900, 20000 strike Calls indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 19800 strike Calls and 19000 strike Puts, to the tune of 14.75mn and 17.25mn respectively.

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain range-bound during the day

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