India VIX increased by 8.37% to close at 13.78 touching an intraday high of 14.05 - Nirmal Bang Ltd

Summary
* Indian markets closed on negative note where selling was mainly seen in Realty, IT, Financial Services Sectors. Nifty Apr Futures closed at 23321.40 (down 316.25 points) at a premium of 155.70 pts to spot.
* FIIs were net sellers in Cash to the tune of 5901.63 Cr and were net sellers in index futures to the tune of 2926.61 Cr.
* India VIX increased by 8.37% to close at 13.78 touching an intraday high of 14.05.
* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 23500, 23400, 23300, 23200 strike Calls and at 22900, 23000, 23100, 23200 strike Puts indicating market is likely to remain range bound in the near term.
* Highest OI build-up is seen at 23500 strike Calls and 23000 strike Puts, to the tune of 20.42mn and 16.31mn 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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