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Summary

* Indian markets closed on positive note where buying was mainly seen in IT, Pharmaceuticals, Metals Sectors. Nifty Jan Futures closed at 23148.25 (up 170.55 points) at a discount of 14.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 2586.43 Cr and were net buyers in index futures to the tune of 165.78 Cr.

* India VIX increased by 2.44% to close at 18.64 touching an intraday high of 19.01.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23500, 23400, 23100 strike Calls and at 22800, 22900, 23000, 23100 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 23000 strike Puts, to the tune of 12.21mn and 21.14mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain positive during the day.

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