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Summary

* Indian markets closed on positive note where buying was mainly seen in Metals, Automobiles, Pharmaceutical Sectors. Nifty Jan Futures closed at 23271.75 (up 109.65 points) at a premium of 95.70 pts to spot.

* FIIs were net sellers in Cash to the tune of 8132.26 Cr and were net sellers in index futures to the tune of 458.08 Cr.

* India VIX decreased by 3.29% to close at 15.47 touching an intraday high of 16.00.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23500, 23400, 23300, 23200 strike Calls and at 23000, 23100, 23200,23300 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 15.71mn and 19.80mn 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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