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Summary

* Indian markets closed on flat note where buying was mainly seen in Pharmaceuticals, Oil & Gas, Metals Sectors. Nifty Feb Futures closed at 23772.60 (down 12.80 points) at a premium of 76.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 1682.83 Cr and were net buyers in index futures to the tune of 633.14 Cr.

* India VIX increased by 0.46% to close at 14.08 touching an intraday high of 14.30.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 23900, 23800, 23700 strike Calls and at 23500, 23600, 23700, 23800 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 25.80mn and 24.59mn 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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