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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, IT and Pharmaceutical Sectors. Nifty Feb Futures closed at 22097.80 (up 92.75 points) at a premium of 57.10 pts to spot.

* FIIs were net buyers in Cash to the tune of 253.28 Cr and were net buyers in index futures to the tune of 639.97 Cr.

* India VIX decreased by 0.01% to close at 15.22 touching an intraday high of 15.55.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 21900, 22000, 22100 strike Puts and at 22300, 22200, 22100, strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 22000 strike Calls and 22000 strike Puts, to the tune of 8.76mn and 11.65mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a positive note today and is likely to remain positive during the day.

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