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Summary

* Indian markets closed on positive note where buying was mainly seen in Realty, Pharmaceuticals, Oil & Gas Sectors. Nifty Feb Futures closed at 23620.20 (up 201.90 points) at a premium of 111.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 1188.99 Cr and were net sellers in index futures to the tune of 209.18 Cr.

* India VIX decreased by 6.56% to close at 16.25 touching an intraday high of 17.94

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

* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 13.93mn and 14.64mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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