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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Finance, FMCG sectors. Nifty Jan Future closed at 18206.85 (up 24.8 points) at a premium of 101.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 2950.80 Cr and were net sellers in index futures to the tune of 1309.71 Cr.

* India VIX increased by 0.37% to close at 14.87 touching an intraday high of 15.12

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 18300, 18200, 18100, 17800 strike Puts and at 18100, 18200, 18300, 18400, 18500 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 18200 strike Calls and 18000 strike Puts, to the tune of 9.65mn and 8.89mn respectively.

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain range bound during the day

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