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Summary

* Indian markets closed on a negative note where selling was mainly seen in Metals, Finance, Oil-Gas sectors. Nifty Oct Future closed at 19618.75 (down 64.60 points) at a discount of 5.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 1093 Cr and were net sellers in index futures to the tune of 392.17 Cr.

* India VIX decreased by 1.00% to close at 10.90 touching an intraday high of 11.21.

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 19600, 19500, 19400 strike Puts and at 19700, 19600, 19500 strike Calls indicating that the market is likely to remain cautious to range bound in the near term.

* Highest OI build-up is seen at 19700 strike Calls and 19600 strike Puts, to the tune of 22.10mn and 26.91mn respectively.

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain cautious during the day.

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