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Summary

* Indian markets closed on negative note where selling was mainly seen in Metals, Information Technology, Realty Sectors. Nifty Mar Futures closed at 22444.25 (down 86.10 points) at a premium of 47.05 pts to spot.

* FIIs were net sellers in Cash to the tune of 792.90 Cr and were net sellers in index futures to the tune of 144.04 Cr.

* India VIX decreased by 3.01% to close at 13.28 touching an intraday high of 13.93.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 22800, 22600, 22500 strike Calls and at 22300, 22400, 22500 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 14.94mn and 22.11mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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