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Market Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Metal sectors. Nifty April Future closed at 14541.10 (up 197.90 points) at a premium of 36.35 pts to spot.

* FIIs were net sellers in Cash to the tune of 731 Cr and were net buyers in index futures to the tune of 1995.09 Cr.

* India VIX decreased by 11.02% to close at 20.46 touching an intraday high of 23.00.

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 15000, 14800, 14700 strike Calls and at 14500, 14400, 14300 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 9.57mn and 9.88mn respectively.

Outlook on Nifty:

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

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