Index is likely to open on a flat note today and is likely to remain range-bound during the day - Nirmal Bang Ltd
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Summary
* Indian markets closed on a positive note where buying was mainly seen in Automobile, Finance, Metals sectors. Nifty Nov Future closed at 19486.50 (up 182.90 points) at a premium of 74.75 pts to spot.
* FIIs were net sellers in Cash to the tune of 549.37 Cr and were net buyers in index futures to the tune of 1257.64 Cr.
* India VIX increased by 2.04% to close at 11.11 touching an intraday high of 11.28.
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 19300, 19400, 19500 strike Puts and at 19500, 19600, 19700 strike Calls indicating market is likely to remain bullish in the near term.
* Highest OI build-up is seen at 19500 strike Calls and 19000 strike Puts, to the tune of 11.95mn and 15.92mn 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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