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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Metal, Finance, PSU Banks. Nifty Nov Futures closed at 25589.20 (down 38.00 points) at a premium of 96.90 pts to spot.

* FIIs were net buyers in Cash to the tune of 4581.34 Cr and were net sellers in index futures to the tune of 2721.16 Cr.

* India VIX increased by 1.18% to close at 12.56 touching an intraday high of 12.67.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25500, 25600, 25700 strike Calls and at 25400, 25300, 25200,25100 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 25000 strike Puts, to the tune of 29.96mn and 23.07mn 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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