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Summary

* Indian markets closed on a flat note where selling was mainly seen in Automobiles, Oil & Gas, Pharmaceuticals sectors. Nifty Oct Futures closed at 24452.00 (down 30.65 points) at a premium of 52.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 5062.45 Cr and were net buyers in index futures to the tune of 1672.27 Cr.

* India VIX decreased by 4.46% to close at 13.97 touching an intraday high of 14.90.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24700, 24600, 24500 strike Calls and at 24200, 24300, 24400 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 11.77mn and 11.59mn respectively.

Outlook on Nifty:

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

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