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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Power, Chemicals, Metals sectors. Nifty Jan Future closed at 18287.2 (up 46.05 points) at a premium of 29.45 pts to spot.

* FIIs were net sellers in Cash to the tune of 1391 Cr and were net buyers in index futures to the tune of 1472.58 Cr.

* India VIX decreased by 2.77% to close at 16.71 touching an intraday high of 17.53

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 18300, 18200, 18000 strike Puts and at 18300, 18500 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 18500 strike Call and 18000 strike Put, to the tune of 11.86mn and 10.16mn respectively

Outlook on Nifty:

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

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