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Market Summary:

* Indian markets closed on a flattish note where buying was mainly seen in Chemical, Realty, Textile sectors. Nifty Feb Future closed at 17080.6 (up 7.05 points) at a premium of 17.40 pts to spot.

* FIIs were net sellers in Cash to the tune of 3417 Cr and were net sellers in index futures to the tune of 79.48 Cr.

* India VIX decreased by 7.95% to close at 24.54 touching an intraday high of 26.66

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 17200, 17100, 16800 strike Puts and at 17400, 17300, 17200, 17100 strike Calls indicating neutral to bearish undertone in the market in the near term.

* Highest OI build-up is seen at 17500 strike Call and 16500 strike Put, to the tune of 12.14mn and 15.10mn respectively

Outlook on Nifty:

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

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