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Summary

* Indian markets closed on a flattish note where buying was mainly seen in Automobiles, Metals & Oil & Gas sectors. Nifty Apr Futures closed at 22577.50 (down 25.10 points) at a premium of 124.20 pts to spot.

* FIIs were net sellers in Cash to the tune of 1622.69 Cr and were net buyers in index futures to the tune of 677.91 Cr.

* India VIX decreased by 3.55% to close at 11.65 touching an intraday high of 12.31.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22400, 22300, 22200, 22100 strike Puts and at 22500, 22700, 22800 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 15.43mn and 13.88mn respectively.

Outlook on Nifty:

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

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