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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metals, Pharmaceuticals & Banking sectors. Nifty Apr Futures closed at 22462 (up 260.30 points) at a premium of 140.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 522.30 Cr and were net buyers in index futures to the tune of 275.25 Cr.

* India VIX decreased by 5.84% to close at 12.08 touching an intraday high of 13.36.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22500, 22400, 22300, 22200 strike Puts and at 22900, 22800, 22700, 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 12.49mn and 12mn respectively.

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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