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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Metals, Finance, IT sectors. Nifty March Future closed at 15106.2 (up 192.60 points) at a premium of 25.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 223.1 Cr and were net sellers in index futures to the tune of 2265.16 Cr.

* India VIX increased by 9.32% to close at 24.15 touching an intraday high of 24.58.

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, 15100 strike Calls while liquidation was seen at 15100, 15000, 14700 strike Puts indicating profit booking is likely to extend during the day.

* Highest OI build-up is seen at 15500 strike Call and 15000 strike Put, to the tune of 4.62mn and 5.49mn respectively.

Outlook on Nifty:

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

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