Index is likely to open on a gap don note today and is likely to remain range bound during the day - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/fbb28d0fe42607b0bde5cc7111f15ad7.jpg)
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Market Summary:
* Indian markets closed on a positive note where buying was mainly seen in Finance, Realty, Auto sectors. Nifty April Future closed at 17410.1 (up 247.45 points) at a premium of 17.55 pts to spot.
* FIIs were net sellers in Cash to the tune of 714 Cr and were net buyers in index futures to the tune of 59.86 Cr.
* India VIX decreased by 4.39% to close at 17.85 touching an intraday high of 18.67.
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 17400, 17300, 17200 strike Puts while liquidation was seen at 17200, 17300 strike Calls indicating market is likely to remain bullish in near term.
* Highest OI build-up is seen at 17400 strike Calls and 17000 strike Puts, to the tune of 11.08mn and 10.11mn respectively.
Outlook on Nifty:
Index is likely to open on a gap don note today and is likely to remain range bound during the day.
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