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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Automobile sectors. Nifty Nov Future closed at 19131.35 (up 274.65 points) at a discount of 84.10 pts to spot.

* FIIs were net sellers in Cash to the tune of 1500.13 Cr and were net sellers in index futures to the tune of 111.19 Cr.

* India VIX decreased by 7.03% to close at 10.91 touching an intraday high of 12.31.

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 19100, 19000, 18900 strike Puts and at 19100, 19200, 19400, 19500 strike Calls indicating 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 10.20mn and 16.02mn respectively.

Outlook on Nifty:

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

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