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Summary

* Indian markets closed on a positive note where buying was mainly seen in Banking, Finance, Automobile sectors. Nifty Apr Future closed at 17622 (up 148 points) at a premium of 64.95 pts to spot.

* FIIs were net buyers in Cash to the tune of 807 Cr and were net buyers in index futures to the tune of 2789.04 Cr.

* India VIX decreased by 1.37% to close at 12.41 touching an intraday high of 12.81.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 17600, 17500, 17400 strike Puts and at 17700, 17800, 18000 strike Calls indicating that the index is likely to remain positive in the near term.  

* Highest OI build-up is seen at 17700 strike Calls and 17000 strike Puts, to the tune of 16.64mn and 21.08mn respectively

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain rangebound during the day.

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