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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Pharma, Automobile, Technology sectors. Nifty Feb Future closed at 15105.70 (down 20.75 points) at a discount of 3.55 pts to spot.

* FIIs were net buyers in Cash to the tune of 1300.7 Cr and were net buyers in index futures to the tune of 370.74 Cr.

* India VIX increased by 1.30% to close at 24.27 touching an intraday high of 24.47.

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, 15000 strike Puts and at 15500, 15300, 15200 strike Calls indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 6.99mn and 5.08mn respectively.

Outlook on Nifty:

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

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