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Summary

* Indian markets closed on a positive note where buying was mainly seen in Financial Services, Information Technology, Metal, Auto. Nifty Dec Futures closed at 26,333.20 (up 146.70 points) at a premium of 152.75 pts to spot.

* FIIs were net sellers in Cash to the tune of 438.90 Cr and were net buyers in index futures to the tune of 146.75 Cr.

* India VIX decreased by 4.64% to close at 10.32 touching an intraday high of 10.87.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26200, 26300, 26400, 26500 strike Calls and at 26000, 25900, 25800, 27500, 25600 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26500 strike Calls and 26000 strike Puts, to the tune of 18.49mn and 31.36mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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