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Summary

* Indian markets closed on a flattish note where selling was mainly seen in Metals, Pharmaceuticals, Realty sectors. Nifty Mar Futures closed at 22447.05 (up 25.70 points) at a premium of 111.35 pts to spot.

* FIIs were net buyers in Cash to the tune of 73.12 Cr and were net buyers in index futures to the tune of 442.18 Cr.

* India VIX decreased by 2.55% to close at 13.64 touching an intraday high of 14.20.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22300, 22100, 22000 strike Puts and at 22200, 22300, 22400 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 13.24mn and 12.55mn respectively.

Open Interest in Nifty Options

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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