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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Metals sectors. Nifty Mar Future closed at 17671.55 (up 272.15 points) at a premium of 77.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 246.24 Cr and were net buyers in index futures to the tune of 3938.31 Cr.

* India VIX decreased by 6.09% to close at 12.18 touching an intraday high of 12.97.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 17600, 17500, 17400 strike Puts while liquidation was seen in 17400, 17500, 17600, 17700 strike Calls indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 13.55mn and 14.69mn respectively.

Open Interest in Nifty Options:

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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