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Summary

* Indian markets closed on flat note where buying was mainly seen in Pharmaceuticals, Metals, Realty Sectors. Nifty Feb Futures closed at 23107.75 (down 16.10 points) at a premium of 76.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 2789.91Cr and were net buyers in index futures to the tune of 512.22 Cr.

* India VIX increased by 0.40% to close at 14.96 touching an intraday high of 15.47

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 23300, 23200, 23100, 23000 strike Calls and at 22700, 22800, 22900, 23000 strike Puts indicating market is likely to remain positive in the near term. 

* Highest OI build-up is seen at 23500 strike Calls and 23000 strike Puts, to the tune of 10.91mn and 12.76mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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