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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Oct Future closed at 19678.50 (up 110.50 points) at a premium of 25 pts to spot.

* FIIs were net sellers in Cash to the tune of 90.29 Cr and were net buyers in index futures to the tune of 783.25 Cr.

* India VIX decreased by 5.57% to close at 10.30 touching an intraday high of 10.94.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19600, 19700 strike Puts while liquidation was seen in 19600, 19700, 19800 strike Calls indicating that the market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 13.29mn and 16.87mn 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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