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Summary

* Indian markets closed on a positive note where buying was mainly seen in Automobiles, Metals, Oil & Gas sectors. Nifty Mar Futures closed at 22102.50 (up 192.45 points) at a premium of 90.55 pts to spot. * FIIs were net sellers in Cash to the tune of 1826.97 Cr and were net buyers in index futures to the tune of 443.06 Cr.

* India VIX decreased by 7.12% to close at 12.51 touching an intraday high of 13.47.

* The above second chart shows previous trading day’s change in Nifty options where Liquidation 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 range bound in the near term.

* Highest OI build-up is seen at 22000 strike Calls and 22000 strike Puts, to the tune of 8.86mn and 12.76mn respectively.

Outlook on Nifty:

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