Indian markets closed on a negative note where selling was mainly seen in Pharma - Nirmal Bang
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Market Summary:
* Indian markets closed on a negative note where selling was mainly seen in Pharma, IT, Finance sectors. Nifty Feb Future closed at 15330.20 (down 1.95 points) at a discount of 16.80 pts to spot.
* FIIs were net buyers in Cash to the tune of 1008.2 Cr and were net sellers in index futures to the tune of 182.31 Cr.
* India VIX decreased by 1.26% to close at 21.51 touching an intraday high of 21.88.
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 15200, 15000, 14900 strike Puts and at 15500, 15400, 15300, 15200 strike Calls indicating market is likely to remain range bound during the day.
* Highest OI build-up is seen at 15300 strike Call and 15000 strike Put, to the tune of 6.91mn and 6.50mn 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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