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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobile, Capital-Goods sectors. Nifty March Future closed at 14577.0 (down 194.25 points) at a premium of 19.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 1258 Cr and were net positive in index futures to the tune of 361.33 Cr.

* India VIX decreased by 0.38% to close at 20.08 touching an intraday high of 20.95.

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 14500, 14400, 14300 strike Puts and at 14700, 14600, 14500 strike Calls indicating neutral to bearish undertone in the market for the day.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 8.46mn and 8.35mn respectively.

Outlook on Nifty:

* Index is likely to open on a flattish note today and is likely to remain cautious during the day.

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