IGI Logo

Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, IT, Financial Services sectors. Nifty Mar Futures closed at 22088.55 (down 76.90 points) at a premium of 83.85 pts to spot. 

* FIIs were net buyers in Cash to the tune of 10.13 Cr and were net sellers in index futures to the tune of 881.04 Cr. 

* India VIX increased by 4.90% to close at 12.82 touching an intraday high of 13.10.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 22000, 21900, 21700 strike Puts and at 22000, 22100, 22200, 22300 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 14.22mn and 19.51mn respectively.

Outlook on Nifty:

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