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Market Summary:

* Indian markets closed on a flattish note where selling was mainly seen in Automobile, Power, Textile sectors. Nifty Oct Future closed at 18145.4 (up 0.90 points) at a premium of 20.05 pts to spot.

* FIIs were net sellers in Cash to the tune of 2459 Cr and were net sellers in index futures to the tune of 807.90 Cr.

* India VIX increased by 0.37% to close at 17.61 touching an intraday high of 18.76.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 18100, 18000, 17900 strike Puts and at 18500, 18300, 18100 strike Calls indicating market is likely to remain cautious during the day.

* Highest OI build-up is seen at 18500 strike Call and 18000 strike Put, to the tune of 9.37mn and 7.87mn respectively.

Outlook on Nifty:

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

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