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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Oct Future closed at 19738.10 (up 198.95 points) at a premium of 48.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 1005.49 Cr and were net buyers in index futures to the tune of 303.26 Cr.

* India VIX decreased by 1.42% to close at 11.27 touching an intraday high of 11.40.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 19600, 19700 strike Puts and at 19900, 20000 strike Calls indicating that the market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 20000 strike Calls and 19000 strike Puts, to the tune of 15.14mn and 18.93mn respectively. 

Open Interest in Nifty Options:

Outlook on Nifty:

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