Index is likely to open on a flattish note today and is likely to remain range bound during the day - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/35b1454d632c81710115f70e0f805589.jpg)
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Market Summary:
* Indian markets closed on a negative note where selling was mainly seen in Metals, Power, Chemicals sectors. Nifty April Future closed at 17639.55 (down 137.10 points) at a premium of 90.80 pts to spot.
*FIIs were net sellers in Cash to the tune of 5010 Cr and were net sellers in index futures to the tune of 1999.19 Cr.
* India VIX decreased by 0.13% to close at 19.00 touching an intraday high of 19.49.
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 17800, 17700, 17600 strike Calls and at 17600 strike Put indicating market is likely to remain range bound during the day.
* Highest OI build-up is seen at 18000 strike Calls and 17500 strike Puts, to the tune of 13.46mn and 10.33mn respectively.
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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