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Market Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobile, Finance sectors. Nifty Feb Future closed at 14987.00 (down 129.10 points) at a premium of 5.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 118.75 Cr and were net buyers in index futures to the tune of 281.18 Cr.

* India VIX increased by 3.28% to close at 22.25 touching an intraday high of 22.87.

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, 15100 strike Calls while liquidation was seen in 15100, 15000, 14900 strike Puts 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 4.98mn and 4.59mn 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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