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Summary

* Indian markets closed on a positive note where buying was mainly seen in Metals, Auto, Realty Sectors. Nifty Mar Futures closed at 22502 (up 58.80 points) at a premium of 123.60 pts to spot.

* FIIs were net sellers in Cash to the tune of 81.87 Cr and were net buyers in index futures to the tune of 197.24 Cr.

* India VIX decreased by 1.59% to close at 14.99 touching an intraday high of 15.42.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22500, 22400, 22300 strike Puts and at 22600, 22800, 22900 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 12.96mn and 13.82mn 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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