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Summary

* Indian markets closed on a negative note where selling was mainly seen in IT, Realty, Metal. Nifty Nov Futures closed at 25948.80 (down 111.30 points) at a premium of 38.75 pts to spot.

* FIIs were net sellers in Cash to the tune of 728.82 Cr and were net buyers in index futures to the tune of 116.52 Cr.

* India VIX increased by 2.60% to close at 12.10 touching an intraday high of 12.29.

* The above second chart shows previous trading day’s change in Nifty options where Liquidations in OI were seen in 26100, 26200, 26300 strike Calls and at in OI were 25800, 25700, 25600 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 25900 strike Puts, to the tune of 41.11mn and 33.17mn respectively

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain range bound during the day.

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