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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Chemicals, Metals sectors. Nifty Mar Future closed at 17532.70 (up 19.30 points) at a premium of 81.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 425 Cr and were net buyers in index futures to the tune of 638.43 Cr.

* India VIX decreased by 7.31% to close at 12.99 touching an intraday high of 14.02.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 17500, 17400, 17300 strike Puts while liquidation was seen at 17400, 17300, 17700 strike Calls indicating market is likely to remain positive during the day.

* Highest OI build-up is seen at 17500 strike Calls and 17000 strike Puts, to the tune of 16.62mn and 17.10mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain positive during the day

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