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Summary

* Indian markets closed on a positive note where buying was mainly seen in PSU Banks, Financial Services, FMCG, Pharmaceutical. Nifty Nov Futures closed at 25910.05 (down 2.40 points) at a premium of 41.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 4968.22 Cr and were net sellers in index futures to the tune of 1873.27 Cr.

* India VIX decreased by 1.84% to close at 11.94 touching an intraday high of 12.45.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26000, 26100, 26200, 26300 strike Calls and at Liquidations in OI were 25900,25800, 25700 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 27.69mn and 15.83mn 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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