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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, IT, Consumer Durables. Nifty Nov Futures closed at 25968.10 (up 174.70 points) at a premium of 110.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 1750.03 Cr and were net sellers in index futures to the tune of 475.54 Cr.

* India VIX decreased by 3.04% to close at 12.11 touching an intraday high of 12.71.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25900, 26000, 26100, 26200 strike Calls and at 25800, 25700, 25600 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 18.72mn and 12.91mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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