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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

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