Summary
 at a premium of 12.35 pts to spot. ? FIIs were net buyers in Cash to the tune of 6065.78 Cr and were net buyers in index futures to the tune of 2296.85 Cr. ? India VIX decreased by 19.80% to close at 16.13 touching an intraday high of 20.11.)
* Indian markets closed on positive note where buying was mainly seen in Realty, Automobile, Pharmaceutical Sectors. Nifty Apr Futures closed at 23340.90 (Up 423.25 points) at a premium of 12.35 pts to spot.
* FIIs were net buyers in Cash to the tune of 6065.78 Cr and were net buyers in index futures to the tune of 2296.85 Cr.
* India VIX decreased by 19.80% to close at 16.13 touching an intraday high of 20.11.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23500, 23400, 23300 strike Calls and at 23000, 23100, 23200 23300 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 20.55mn and 17.57mn respectively.
Open Interest in Nifty Options:
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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