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Summary

* Indian markets closed on a positive note where buying was mainly seen in Oil & Gas, Banking, Automobiles sectors. Nifty Oct Futures closed at 25131.65 (up 146.10 points) at a premium of 118.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 5729.60 Cr and were net sellers in index futures to the tune of 2447.55 Cr.

* India VIX decreased by 3.26% to close at 14.59 touching an intraday high of 15.56.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25300, 25200, 25100 strike Calls and at 24800, 24900, 25000 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25500 strike Calls and 25000 strike Puts, to the tune of 12.73mn and 13.43mn respectively.

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain range bound during the day

Open Interest in Nifty Options:

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