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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Nov Future closed at 18264.10 (up 70.15 points) at a premium of 61.35 pts to spot.

* FIIs were net buyers in Cash to the tune of 1948.51 Cr and were net sellers in index futures to the tune of 108.28 Cr.

* India VIX decreased by 0.44% to close at 15.59 touching an intraday high of 16.36

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 18300, 18200, 18100 strike Puts and at 18200, 18300, 18400, 18500 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 18500 strike Calls and 18000 strike Puts, to the tune of 10.39mn and 14.36mn respectively.

Outlook on Nifty:

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

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