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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Cement, Realty sectors. Nifty March Future closed at 14832.9 (up 91.30 points) at a premium of 18.15 pts to spot.

* FIIs were net sellers in Cash to the tune of 108 Cr and were net buyers in index futures to the tune of 439.98 Cr.

* India VIX increased by 0.84% to close at 20.67 touching an intraday high of 22.14

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 14900, 14800, 14700, 14600 strike Puts and at 14900, 14800 strike Calls indicating bullish undertone in the market during the day.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 6.70mn and 10.51mn respectively.

Outlook on Nifty:

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

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