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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Feb Future closed at 14895.30 (up 74.80 points) at a discount of 0.30 pts to spot.

* FIIs were net buyers in Cash to the tune of 1936.74 Cr and were net sellers in index futures to the tune of 1555.11 Cr.

* India VIX decreased by 2.62% to close at 23.12 touching an intraday high of 23.93.

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, 14800, 14700 strike Puts and at 14900, 15000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 8.47mn and 8.72mn respectively.

Outlook on Nifty:

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

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