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Summary

*  Indian markets closed on a negative note where selling was mainly seen in Automobiles, Metals, Oil & Gas sectors. Nifty Oct Futures closed at 24192.75 (down 259.25 points) at a premium of 11.95 pts to spot.

*  FIIs were net sellers in Cash to the tune of 3036.75 Cr and were net buyers in index futures to the tune of 965.18 Cr.

*  India VIX increased by 4.74% to close at 14.63 touching an intraday high of 15.08.

*  The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24500, 24400, 24300 strike Calls and at 24000, 24100, 24200 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 15.40mn and 12.06mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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