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Summary

* Indian markets closed on positive note where buying was mainly seen in Banking, Automobiles, Realty Sectors. Nifty Jan Futures closed at 22977.70 (up 131.25 points) at a premium of 20.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 4920.69 Cr and were net sellers in index futures to the tune of 489.33 Cr.

* India VIX increased by 0.34% to close at 18.20 touching an intraday high of 18.50.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23000, 22900 strike Calls and at 22700, 22800, 22900 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 23000 strike Puts, to the tune of 12.94mn and 18.60mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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