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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Automobile, Realty, Metals sectors. Nifty Jan Future closed at 18124.30 (down 212.25 points) at a premium of 11.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 1254.95 Cr and were net sellers in index futures to the tune of 205.32 Cr.

* India VIX increased by 6.05% to close at 17.78 touching an intraday high of 17.88

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 18100, 18200, 18300, 18400 strike Calls while liquidation was seen in 18300, 18200, 18100, 18000 strike Puts indicating market is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 18300 strike Call and 17500 strike Put, to the tune of 10.03mn and 9.23mn respectively.

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Outlook on Nifty:

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

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