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Summary

* Indian markets closed on flat note where buying was mainly seen in Realty, Automobiles, FMCG Sectors. Nifty Feb Futures closed at 23555.55 (down 64.65 points) at a premium of 73.40 pts to spot.

* FIIs were net sellers in Cash to the tune of 1327.09 Cr and were net buyers in index futures to the tune of 165.26 Cr.

* India VIX decreased by 13.24% to close at 14.10 touching an intraday high of 16.58.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23800, 23700, 23600, 23500 strike Calls and at 23200, 23300, 23400 strike Puts indicating market is likely to remain under pressure in the near term.

* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 21.32mn and 17.87mn respectively.

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain under pressure during the day.

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