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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobile, Pharma sectors. Nifty Nov Future closed at 19158.20 (down 62.70 points) at a premium of 78.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 696.02 Cr and were net buyers in index futures to the tune of 67.97 Cr.

* India VIX increased by 2.91% to close at 11.83 touching an intraday high of 12.29.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 19200, 19100, 189000 strike Puts and at 19100, 19200, 19300 strike Calls indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 19500 strike Calls and 19000 strike Puts, to the tune of 13.91mn and 19.87mn respectively.

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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