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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Technology, Banking, Finance sectors. Nifty March Future closed at 15134.70 (up 165.75 points) at a premium of 36.35 pts to spot

* FIIs were net buyers in Cash to the tune of 2801.87 Cr and were net sellers in index futures to the tune of 1735.30 Cr

* India VIX decreased by 8.83% to close at 22.50 touching an intraday high of 24.68.

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 15100, 15000, 14800 strike Puts and at 15100, 15200, 15500 strike Calls indicating that the index is likely to remain positive in the near term.

*  Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 7.12mn and 7.43mn respectively.

Outlook on Nifty:

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

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