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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Oil-Gas, Metal, Power sectors. Nifty May Future closed at 14933.20 (down 126.20 points) at a premium of 27.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 71 Cr and were net sellers in index futures to the tune of 960.90 Cr

* India VIX increased by 1.73% to close at 19.65 touching an intraday high of 19.84.

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 14900, 14500 strike Puts and at 15400, 15000, 14900 strike Calls indicating market is likely to show pullback from the support level of 14900.

* Highest OI build-up is seen at 15000 strike Call and 14500 strike Put, to the tune of 10.05mn and 8.67mn respectively

Outlook on Nifty:

* Index is likely to open on a positive note today and is likely to show bounce back during the day

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