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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Technology sectors. Nifty Oct Future closed at 19742.05 (down 101.45 points) at a discount of 9.00 pts to spot.

* FIIs were net buyers in Cash to the tune of 317.01 Cr and were net sellers in index futures to the tune of 784.47 Cr.

* India VIX increased by 0.72% to close at 10.62 touching an intraday high of 11.03.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 19800, 19700, 19600, 19500 strike Puts and at 19800, 19900, 20000 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 20000 strike Puts, to the tune of 11.70mn and 16.45mn 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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