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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Metals, Pharmaceuticals and Oil & Gas sectors. Nifty Apr Futures closed at 22414.70 (up 43.65 points) at a premium of 12.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 2511.74 Cr and were net sellers in index futures to the tune of 2257.59 Cr.

* India VIX increased by 0.78% to close at 10.28 touching an intraday high of 11.13

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22000, 22200, 22300, 22400 strike Puts and at 22900, 22700, 22600, 22500 strike Calls 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 18.00mn and 17.94mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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