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Summary

* Indian markets closed on negative note where selling was mainly seen in Oil & Gas, FMCG, Banking Sectors. Nifty Feb Futures closed at 23614.95 (down 73.95 points) at a premium of 55.00 pts to spot.

* FIIs were net sellers in Cash to the tune of 470.39 Cr and were net sellers in index futures to the tune of 1082.90 Cr.

* India VIX decreased by 3.45% to close at 13.69 touching an intraday high of 14.51.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23900, 23800, 23700, 23600 strike Calls and at 23200, 23300, 23400, 23500 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 17.13mn and 15.33mn respectively.

Open Interest in Nifty Options : 

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain range bound during the day.

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