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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobile, Finance sectors. Nifty March Future closed at 15051.40 (down 157.90 points) at a premium of 20.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 942.60 Cr and were net sellers in index futures to the tune of 586.02 Cr.

* India VIX increased by 4.62% to close at 21.71 touching an intraday high of 22.67

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 15300, 15400 strike Puts and at 15000, 15300 strike Calls indicating that the index is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 6.27mn and 5.39mn 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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