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Summary

* Indian markets closed on a negative note where selling was mainly seen in Financial Services, Chemicals, Consumer Durables, Oil & Gas. Nifty Dec Futures closed at 26,213 (down 121.70 points) at a premium of 180.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 3642.30 Cr and were net sellers in index futures to the tune of 2465.35 Cr.

* India VIX decreased by 3.41% to close at 11.23 touching an intraday high of 11.94.

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 26200, 26300, 26400, 26500 strike Calls and at 26000, 25900, 25800,27500 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 12.56mn and 17mn 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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