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Summary

* Indian markets closed on negative note where selling was mainly seen in Pharmaceuticals, Automobiles, Realty Sectors. Nifty Feb Futures closed at 22995.65 (down 112.10 points) at a premium of 66.40 pts to spot.

* FIIs were net sellers in Cash to the tune of 4294.69 Cr and were net sellers in index futures to the tune of 858.73 Cr.

* India VIX increased by 0.40% to close at 15.02 touching an intraday high of 15.68.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23200, 23100, 23000, 22900 strike Calls and at 22700, 22800, 22900, 23000 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23500 strike Calls and 22500 strike Puts, to the tune of 13.77mn and 13.19mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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