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Market Summary:

*Indian markets closed on a negative note where selling was mainly seen in Banking, Cement, Realty sectors. Nifty March Future closed at 14555.3 (down 277.60 points) at a premium of 5.90 pts to spot.

*FIIs were net sellers in Cash to the tune of 1952 Cr and were net sellers in index futures to the tune of 1676.91.98 Cr.

*India VIX increased by 8.66% to close at 22.46 touching an intraday high of 22.69

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, 14800, 14700, 14600 strike Calls while liquidation was seen at 14900, 14800, 14700 strike Puts indicating neutral to bearish undertone in the market for the day.

*Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 9.31mn and 10.01mn respectively.

Outlook on Nifty:

*Index is likely to open on a flattish note today and is likely to remain cautious during the day.

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