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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Auto, Finance sectors. Nifty March Future closed at 14741.6 (down 14.85 points) at a premium of 5.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 787 Cr and were net sellers in index futures to the tune of 18.01 Cr.

* India VIX increased by 2.52% to close at 20.49 touching an intraday high of 21.23.

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 14700, 14500, 14300 strike Puts and at 15000, 14900, 14800, 14700 strike Calls indicating sideways undertone in the market in the near term.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 6.78mn and 9.31mn 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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