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Summary

* Indian markets closed on positive note where buying was mainly seen in Metals, FMCG, Pharmaceuticals Sectors. Nifty Mar Futures closed at 22620.95 (up 179.60 points) at a premium of 76.25 pts to spot.

* FIIs were net sellers in Cash to the tune of 2377.32 Cr and were net buyers in index futures to the tune of 1743.85 Cr.

* India VIX increased by 0.40% to close at 13.73 touching an intraday high of 14.18.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 22700, 22600, 22500 strike Calls and additions at 22400, 22500 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 13.30mn and 16.08mn 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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