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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metal, Banking, Finance sectors. Nifty May Future closed at 18294.65 (up 144.70 points) at a premium of 38.85 pts to spot.

* FIIs were net buyers in Cash to the tune 1414.73 Cr and were net buyers in index futures to the tune of 415.11 Cr.

* India VIX decreased by 0.90% to close at 11.73 touching an intraday high of 12.03.

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 18200 strike Puts and Liquidation in OI were seen at 18500, 18200, 18100 strike Calls indicating that the index is likely to remain positive in the near term.

* Highest OI build-up is seen at 18300 strike Calls and 18000 strike Puts, to the tune of 11.62mn and 12.79mn respectively.

Outlook on Nifty:

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

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