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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Metals, Oil & Gas sectors. Nifty Mar Futures closed at 22421.35 (down 131 points) at a premium of 88.70 pts to spot.

* FIIs were net buyers in Cash to the tune of 4212.76 Cr and were net sellers in index futures to the tune of 173.28 Cr.

* India VIX increased by 2.80% to close at 14 touching an intraday high of 14.55.

* 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 22300, 22400, 22500, 22600 strike Calls indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 23000 strike Calls and 22000 strike Puts, to the tune of 14.17mn and 10.09mn 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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