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Summary

* Indian markets closed on flat note where buying was mainly seen in Realty, Automobile, Oil & Gas Sectors. Nifty Feb Futures closed at 22942.50 (down 22.00 points) at a premium of 29.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 3311.55 Cr and were net sellers in index futures to the tune of 1061.26 Cr.

* India VIX decreased by 4.78% to close at 14.68 touching an intraday high of 15.90.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23300, 23100, 23000, 22900 strike Calls and at 22800, 22900, 23000 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23500 strike Calls and 23000 strike Puts, to the tune of 11.59mn and 12.32mn respectively

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain range bound during the day

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