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Summary

* Indian markets closed on negative note where selling was mainly seen in IT, Realty, Oil & Gas Sectors. Nifty Mar Futures closed at 23521.90 (down 183.45 points) at a premium of 35.05 pts to spot.

* FIIs were net buyers in Cash to the tune of 2240.55 Cr and were net buyers in index futures to the tune of 1329.04 Cr.

* India VIX decreased by 1.21% to close at 13.47 touching an intraday high of 13.92.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23700, 23600, 23500 strike Calls and at 23300, 23400 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 24.54mn and 21.63mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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