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Summary

* Indian markets closed on a positive note where buying was mainly seen in Financial Services, Automobiles, Oil & Gas. Nifty Nov Futures closed at 26,220.80 (up 149.80 points) at a premium of 28.65 pts to spot.

* FIIs were net buyers in Cash to the tune of 283.65 Cr and were net buyers in index futures to the tune of 404.58 Cr.

* India VIX increased by 1.35% to close at 12.14 touching an intraday high of 12.38.

* 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 in OI were 26100, 26000, 25900, 25800 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26500 strike Calls and 26000 strike Puts, to the tune of 15.62mn and 25.87mn 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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