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Summary

* Indian markets closed on negative note where selling was mainly seen in Automobiles, IT, Oil & Gas Sectors. Nifty Mar Futures closed at 22280.05 (down 403.60 points) at a premium of 155.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 11,639.02 Cr and were net sellers in index futures to the tune of 2473.54 Cr.

* India VIX increased by 4.39% to close at 13.91 touching an intraday high of 14.12

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22500, 22400, 22300, 22200 strike Calls and at 21800, 21900, 22000, 22100 strike Puts 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 17.75mn and 13.88mn 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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