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Summary

* Indian markets closed on negative note where selling was mainly seen in IT, Metals, Oil & Gas Sectors. Nifty Feb Futures closed at 22612.65 (down 209.95 points) at a premium of 59.30 pts to spot.

* FIIs were net sellers in Cash to the tune of 6286.70 Cr and were net sellers in index futures to the tune of 1391.12 Cr.

* India VIX decreased by 0.60% to close at 14.44 touching an intraday high of 15.58.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22800, 22700, 22600 strike Calls and at 22300, 22400, 22500, 22600 strike Puts indicating market is likely to remain negative in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 20.48mn and 17.37mn respectively.

Outlook on Nifty:

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

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