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Market Review

* Indian markets closed on negative note where selling was mainly seen in FMCG, Automobiles, Consumer Durables Sectors. Nifty Feb Futures closed at 22972.60 (down 53.80 points) at a premium of 27.30 pts to spot.

* FIIs were net buyers in Cash to the tune of 4786.56 Cr and were net sellers in index futures to the tune of 303.38 Cr.

* India VIX decreased by 0.36% to close at 15.67 touching an intraday high of 16.32.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23200, 23100, 23000, 22900 strike Calls and at 22500, 22700, 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 17.02mn and 13.96mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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