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Summary

*  Indian markets closed on a negative note where selling was mainly seen in Metals, Automobiles, Banking Sectors. Nifty Nov Futures closed at 24300.50 (down 286.60 points) at a premium of 101.15 pts to spot.

*  FIIs were net sellers in Cash to the tune of 4888.77 Cr and were net sellers in index futures to the tune of 1146.43 Cr.

*  India VIX increased by 1.05% to close at 14.94 touching an intraday high of 15.52.

*  The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 24000, 24100, 24200, 24300 strike Puts and at 24600, 24500, 24400, 24300 strike Calls indicating market is likely to remain range bound in the near term.

*  Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 10.31mn and 10.23mn 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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