Index is likely to open on a flat note today and is likely to remain range-bound during the day - Nirmal Bang Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Summary
* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Automobile sectors. Nifty Oct Future closed at 19269.20 (down 258.65 points) at a discount of 12.55 pts to spot.
* FIIs were net buyers in Cash to the tune of 252.25 Cr and were net sellers in index futures to the tune of 327.63 Cr.
* India VIX increased by 0.80% to close at 10.91 touching an intraday high of 11.36
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 19200, 19100, 19000 strike Puts and at 19300, 19400, 19500 strike Calls indicating that the market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 19500 strike Calls and 19000 strike Puts, to the tune of 14.84mn and 18.26mn respectively.
Outlook on Nifty:
Index is likely to open on a flat note today and is likely to remain range-bound during the day
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TechMahindra23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/powersector25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fsdkfjeljweoir.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalasitharaman230717.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_9477.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/global29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar 30.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/UnionBudget2024_25 (nirmal bang).jpg)
Union Budget 2024-25 by Nirmal Bang Ltd
![Market is expected to open gap down note and likely to witness selling pressure during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Nifty has an immediate support placed at 24240 and on a decisive close below expect a fall to 24140-24070 levels - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Index is likely to open on a gap down note today and is likely to remain negative during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Bought Index Futures to the tune of 1739.69 Cr - Axis Securities Ltd
![Daily Market Commentary : Nifty bounced back in the second half of the session to make a fresh high above the 24800 zone supported by buying in select heavy weights says Mr. Siddhartha Khemka , Head - Retail Research, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Broker _11.jpg)
![Daily Market Commentary : This led to a rise in the dollar index along with the 10-year bond yield says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/broker_1.jpg)
![Daily Market Analysis : Nifty has reached closer to its immediate hurdle i.e. 19,200-19300 zone and is likely to face pressure on the rise Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com//uploads/news/Ajit Mishra.jpg)