IGI Logo

Summary

* Indian markets closed on a flattish note where buying was mainly seen in Automobiles, FMCG, Oil & Gas sectors. Nifty Mar Futures closed at 21910.05 (up 23.55 points) at a premium of 70.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 2599.19 Cr and were net sellers in index futures to the tune of 927.72 Cr. 

* India VIX decreased by 4.53% to close at 13.47 touching an intraday high of 14.28.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 21800, 21700, 21600, 21500 strike Puts and at 21900, 22000, 22100, 22200 strike Calls indicating market is likely to remain positive in the near term. 

* Highest OI build-up is seen at 22000 strike Calls and 21500 strike Puts, to the tune of 18.39mn and 11.86mn respectively.

Outlook on Nifty:

Index is likely to open on a gap up note today and is likely to remain positive during the day.