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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, FMCG, Finance sectors. Nifty March Future closed at 14756.40 (up 179.40 points) at a premium of 12.45 pts to spot.

* FIIs were net buyers in Cash to the tune of 1418.43 Cr and were net buyers in index futures to the tune of 1507.03 Cr.

* India VIX decreased by 0.46% to close at 19.99 touching an intraday high of 21.87.

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 14600, 14700 strike Puts while liquidation was seen in 14600, 14800, 15000 strike Calls indicating sideways undertone in the market in the near term.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 5.12mn and 8.21mn respectively.

Outlook on Nifty:

* Index is likely to open on a negative note today and is likely to remain range-bound during the day.

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