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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Cement, Oil-Gas, Auto sectors. Nifty April Future closed at 17162.7 (up 193.35 points) at a premium of 26.15 pts to spot.

* FIIs were net sellers in Cash to the tune of 3009 Cr and were net buyers in index futures to the tune of 122.4 Cr.

* India VIX decreased by 5.57% to close at 18.67 touching an intraday high of 20.27.

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 17100, 17000, 16800 strike Puts and at 17200, 17300, 17400 strike Calls indicating market is likely to remain bullish during the day.

* Highest OI build-up is seen at 17500 strike Calls and 17000 strike Puts, to the tune of 10.71mn and 9.83mn respectively

Outlook on Nifty:

* Index is likely to open on a gap up note today and is likely to witness buying during the day.

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