Index is likely to open on a flat down note today and is likely to remain cautious during the day - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/599dec6ca53b32b1fb7326d582dd9463.jpg)
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Summary
* Indian markets closed on a negative note where selling was mainly seen in Banking, IT, Finance sectors. Nifty Feb Future closed at 17801.85 (down 75.25 points) at a premium of 30.95 pts to spot.
* FIIs were net buyers in Cash to the tune of 1322 Cr and were net buyers in index futures to the tune of 66.29 Cr.
* India VIX increased by 7.33% to close at 13.68 touching an intraday high of 14.10
Open Interest in Nifty Options:
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 18000, 17900, 17800 strike Calls and at 17600, 17500 strike Puts indicating market is likely to remain cautious during the day.
* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 11.93mn and 9.67mn respectively.
Outlook on Nifty:
* Index is likely to open on a flat down note today and is likely to remain cautious during the day.
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