India VIX decreased by 7.49% to close at 12.24 touching an intraday high of 13.24 - Nirmal Bang Ltd
Summary
* Indian markets closed on a negative note where selling was mainly seen in IT, Media, Automobiles. Nifty Nov Futures closed at 26,055.40 (up 59.00 points) at a premium of 170.60 pts to spot.
* FIIs were net buyers in Cash to the tune of 785.32 Cr and were net sellers in index futures to the tune of 2315.54 Cr.
* India VIX decreased by 7.49% to close at 12.24 touching an intraday high of 13.24.
* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 25900, 26000, 26100, 26200 strike Calls and at 25800, 25700, 25600, 25500 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 15.94mn and 15.33mn 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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