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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Power, Telecom sectors. Nifty April Future closed at 14752.3 (down 161.25 points) at a premium of 61.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 1686 Cr and were net sellers in index futures to the tune of 2448.80 Cr.

* India VIX increased by 0.78% to close at 20.65 touching an intraday high of 20.83.

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 15000, 14900, 14800, 14700 strike Calls while liquidation was seen at 14900, 14800, 14500 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 10.77mn and 9.54mn 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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