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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals, Banking Sectors. Nifty Nov Futures closed at 24295.45 (up 180.80 points) at a premium of 82.15 pts to spot.

* FIIs were net sellers in Cash to the tune of 2569.41 Cr and were net buyers in index futures to the tune of 812.31 Cr.

* India VIX decreased by 4.08% to close at 16.12 touching an intraday high of 19.02.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23800, 23900, 24100, 24200 strike Puts and at 24500, 24200 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24500 strike Calls and 24000 strike Puts, to the tune of 9.75mn and 12.99mn 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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