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Summary

* Indian markets closed on a negative note where selling was mainly seen in Information Technology, Consumer Durables, PSU Bank, Financial Services. Nifty Dec Futures closed at 25563.90 (down 96.30 points) at a premium of 105.90 pts to spot.

* FIIs were net sellers in Cash to the tune of 1651.06 Cr and were net sellers in index futures to the tune of 1123.85 Cr.

* India VIX decreased by 0.36% to close at 10.91 touching an intraday high of 11.42.

* The above second chart shows previous trading day’s change in Nifty options where additions in OI were seen in 25800, 25900, 26000, 26100, 26200, strike Calls and additions at 25900, 25800, 25700, 25600, 25500 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 25.41mn and 15.99mn respectively.

Outlook on Nifty:

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

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