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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Auto, Pharmaceutical Sectors. Nifty Feb Futures closed at 22203.05 (up 61.40 points) at a premium of 4.70 pts to spot.

* FIIs were net sellers in Cash to the tune of 1509.16 Cr and were net buyers in index futures to the tune of 139.12 Cr.

* India VIX increased by 0.81% to close at 15.73 touching an intraday high of 16.00.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22200, 22100, 22000 strike Puts and at 22500, 22300, 22200 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 9.25mn and 12.86mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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