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Summary

* Indian markets closed on flat note where buying was mainly seen in Realty, IT, Financial Services Sectors. Nifty Dec Futures closed at 24682.60 (down 12.00 points) at a premium of 72.55 pts to spot.

* FIIs were net buyers in Cash to the tune of 1285.96 Cr and were net sellers in index futures to the tune of 565.73 Cr.

* India VIX decreased by 2.33% to close at 13.78 touching an intraday high of 14.67.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23500, 24400, 24500, 24600 strike Puts and at 24800, 24700, 24600 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 24000 strike Puts, to the tune of 20.45mn and 20.85mn 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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