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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Metals and Oil & Gas Sectors. Nifty Feb Futures closed at 21697.85 (down 144.75 points) at a premium of 81.80 pts to spot.

* FIIs were net buyers in Cash to the tune of 126.60 Cr and were net sellers in index futures to the tune of 125.70 Cr.

* India VIX increased by 3.98% to close at 16.06 touching an intraday high of 16.54.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 21300, 21400, 21600 strike Puts and at 21900, 21800, 21700, 21600 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 21500 strike Puts, to the tune of 13.70mn and 8.77mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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