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Summary

* Indian markets closed on a flattish note where buying was mainly seen in IT, Banking & Financial services sectors. Nifty Apr Futures closed at 22542.60 (down 34.90 points) at a premium of 107.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 2213.56 Cr and were net sellers in index futures to the tune of 1677.35 Cr.

* India VIX decreased by 2.40% to close at 11.37 touching an intraday high of 11.83.

* 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, 22600, 22700, 22800 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 18.38mn and 18.73mn 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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