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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Technology, Banking, Metals sectors. Nifty March Future closed at 14969.00 (up 15.95 points) at a premium of 12.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 1494.49 Cr and were net sellers in index futures to the tune of 858.37 Cr.

* India VIX decreased by 3.46% to close at 24.68 touching an intraday high of 25.65.

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 15000, 14900, 14700, 14600 strike Puts and at 15000, 15100, 15200, 15300 strike Calls indicating that the index is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 6.77mn and 6.26mn 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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