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Summary

* Indian markets closed on negative note where selling was mainly seen in Banking, IT, Realty Sectors. Nifty Jan Futures closed at 23103.20 (down 297.00 points) at a premium of 78.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 5920.28 Cr and were net sellers in index futures to the tune of 2428.17 Cr.

* India VIX increased by 3.89% to close at 17.06 touching an intraday high of 17.45.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23400, 23300, 23200, 23100 strike Calls and at 22500, 22600, 22800, 22900 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23500 strike Calls and 23000 strike Puts, to the tune of 14.83mn and 15.24mn respectively.

Open Interest in Nifty Options:

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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