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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Metals sectors. Nifty March Future closed at 15298.8 (up 340.70 points) at a premium of 53.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 2008.7 Cr and were net buyers in index futures to the tune of 1371.75 Cr.

* India VIX decreased by 7.88% to close at 23.61 touching an intraday high of 25.63.

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 15300, 15200, 15100, 15000 strike Puts and at 15500, 15400, 15300 strike Calls indicating market likely to see some profit booking during the day.

* Highest OI build-up is seen at 15500 strike Call and 15000 strike Put, to the tune of 6.43mn and 4.93mn respectively.

Outlook on Nifty:

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

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