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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Textile sectors. Nifty Feb Future closed at 17273 (up 54.70 points) at a premium of 6.25 pts to spot.

* FIIs were net sellers in Cash to the tune of 1968 Cr and were net buyers in index futures to the tune of 426.88 Cr.

* India VIX decreased by 3.68% to close at 19.69 touching an intraday high of 20.94.

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 17500, 17400, 17300, 17200 strike Calls and at 17200, 17100, 17000 strike Puts indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 17500 strike Call and 16500 strike Put, to the tune of 10.82mn and 11.07mn 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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