Index is likely to open on a positive note today and is likely to remain rangebound during the day - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/e6368f0d0c3d0df7d3585dda1d25b378.jpg)
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Summary
* Indian markets closed on a negative note where selling was mainly seen in Automobile, Metals, Banking sectors. Nifty Dec Future closed at 18275.90 (down 148.05 points) at a premium of 76.80 pts to spot.
* FIIs were net sellers in Cash to the tune of 1119.11 Cr and were net sellers in index futures to the tune of 585.45 Cr.
* India VIX increased by 12.93% to close at 15.56 touching an intraday high of 16.01.
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 strike Puts and at 18200, 18300, 18400, 18500 strike Calls indicating market is likely to remain range-bound in the near term.
* Highest OI build-up is seen at 18500 strike Calls and 18000 strike Puts, to the tune of 18.48mn and 17.09mn respectively.
Outlook on Nifty:
Index is likely to open on a positive note today and is likely to remain rangebound during the day.
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