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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Technology, Chemicals, Metals sectors. Nifty March Future closed at 15209.3 (up 74.55 points) at a premium of 34.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 16. Cr and were net buyers in index futures to the tune of 87.50 Cr.

* India VIX decreased by 7.76% to close at 20.75 touching an intraday high of 22.50.

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 15200, 15100 strike Puts and at 15400, 15200 strike Calls indicating that the index is likely to remain positive in the near term.

* Highest OI build-up is seen at 15200 strike Call and 14500 strike Put, to the tune of 7.90mn and 6.90mn respectively.

Outlook on Nifty:

* Index is likely to open on a gap up note today and is likely to remain positive during the day.

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