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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Cement, Pharma sectors. Nifty Mar Future closed at 17185 (up 24.85 points) at a premium of 33.10 pts to spot.

* FIIs were net buyers in Cash to the tune of 62 Cr and were net sellers in index futures to the tune of 100.92 Cr.

* India VIX decreased by 1.82% to close at 14.80 touching an intraday high of 15.09

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 17200, 17100, 16800 strike Puts and at 17300, 17400, 17500 strike Calls indicating that the index is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 17500 strike Calls and 17000 strike Puts, to the tune of 15.61mn and 18.39mn respectively.

Outlook on Nifty:

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

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