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* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobiles and Pharmaceutical sectors. Nifty Apr Futures closed at 22358.20 (up 229.50 points) at a premium of 21.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 2915.23 Cr and were net sellers in index futures to the tune of 490.89 Cr.

* India VIX decreased by 5.62% to close at 12.70 touching an intraday high of 13.46.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22000, 22100, 22200, 22300 strike Puts and at 22600, 22500, 22400, 22300 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 22500 strike Calls and 22000 strike Puts, to the tune of 9.98mn and 16.86mn respectively.

Outlook on Nifty:

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

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