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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Realty, PSU Banks, Pharmaceuticals. Nifty Nov Futures closed at 25898.90 (down 6.60 points) at a premium of 135.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 1883.78 Cr and were net sellers in index futures to the tune of 1194.15 Cr.

* India VIX increased by 4.21% to close at 12.67 touching an intraday high of 12.94

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 25700, 25800, 25900, 26000 strike Calls and at 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 25500 strike Puts, to the tune of 34.45mm and 17.14mn 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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