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Summary

* Indian markets closed on positive note where buying was mainly seen in Metals, IT, Automobiles Sectors. Nifty Mar Futures closed at 22441.35 (up 250.30 points) at a premium of 104.05 pts to spot.

* FIIs were net sellers in Cash to the tune of 2895.04 Cr and were net buyers in index futures to the tune of 410.57 Cr.

* India VIX decreased by 1.15% to close at 13.67 touching an intraday high of 14.13.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22700, 22600, 22500 strike Calls and at 22200, 22300, 22400, 22500 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 25.56mn and 19.50mn respectively.

Outlook on Nifty:

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

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