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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Finance, IT, Realty sectors. Nifty Jan Future closed at 13813.5 (down 169.05 points) at a discount of 4.05 pts to spot.

* FIIs were net sellers in Cash to the tune of 3712.5 Cr and were net sellers in index futures to the tune of 1389.44 Cr.

* India VIX decreased by 0.42% to close at 24.29 touching an intraday high of 25.30.

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 13800, 13900. 14000 strike Calls and at 13900, 13800, 13700 strike Puts indicating market is likely to see recovery against the support zone of 13700 during the day.

* Highest OI build-up is seen at 14500 strike Call and 14000 strike Put, to the tune of 2.88mn and 3.71mn respectively.

Outlook on Nifty:

* Index is likely to open on a gap up note today and is likely to see pull back rally during the day.

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