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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Telecom sectors. Nifty Jan Future closed at 14598.6 (down 46.50 points) at a premium of 8.30 pts to spot.

* FIIs were net buyers in Cash to the tune of 1614.7 Cr and were net buyers in index futures to the tune of 1102.18 Cr.

* India VIX increased by 2.92% to close at 22.18 touching an intraday high of 22.78.

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 14800, 14700, 14200 strike Puts and at 15000, 14800, 14700 strike Calls indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 7.69mn and 9.20mn 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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