Index is likely to open on a flattish note today and is likely to remain range bound - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/57d13381cda5657e95a028f9a0b1d421.jpg)
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Summary
* Indian markets closed on a positive note where buying was mainly seen in Financial services, Realty, Auto sectors. Nifty Apr Future closed at 17644.20 (up 22.20 points) at a premium of 45.05 pts to spot.
* FIIs were net buyers in Cash to the tune of 291.10 Cr and were net buyers in index futures to the tune of 475.81 Cr.
* India VIX decreased by 4.95% to close at 11.80 touching an intraday high of 12.57.
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, 17600 strike Calls and at 17600 strike Puts indicating that the index is likely to remain positive in the near term.
* Highest OI build-up is seen at 17600 strike Calls and 17000 strike Puts, to the tune of 16.72mn and 20.41mn respectively.
Outlook on Nifty:
Index is likely to open on a flattish note today and is likely to remain range bound.
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