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Summary

* Indian markets closed on positive note where buying was mainly seen in Automobiles, IT, Pharmaceutical Sectors. Nifty Jan Futures closed at 23263.70 (up 64.75 points) at a premium of 58.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 5462.52 Cr and were net buyers in index futures to the tune of 717.85 Cr.

* India VIX decreased by 0.46% to close at 16.70 touching an intraday high of 17.08.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23500, 23400, 23300, 23200 strike Calls and at 22900, 23000, 23100, 23200 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 23500 strike Calls and 23000 strike Puts, to the tune of 7.66mn and 12.67mn 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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