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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, Realty sectors. Nifty Mar Future closed at 17087.50 (down 97.50 points) at a premium of 10.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 995 Cr and were net buyers in index futures to the tune of 1014.61 Cr.

* India VIX decreased by 2.14% to close at 14.49 touching an intraday high of 15.05.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 17200, 17100 strike Calls and at 17100 strike Put indicating that the index is likely to remain range-bound in the near term.

* Highest OI build-up is seen at 17100 strike Calls and 17000 strike Puts, to the tune of 15.12mn and 17.60mn respectively.

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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