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Market Summary:

* Indian markets closed on a flattish note where buying was mainly seen in Auto, Pharma, Finance sectors. Nifty Feb Future closed at 15119.5 (up 13.80 points) at a premium of 13.05 pts to spot.

* FIIs were net buyers in Cash to the tune of 1787 Cr and were net buyers in index futures to the tune of 140.97 Cr.

* India VIX decreased by 1.62% to close at 23.95 touching an intraday high of 24.96.

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 15100, 15000, 14900 strike Puts and at 15400, 15300, 15200, 15100 strike Calls indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 6.06mn and 5.26mn respectively.

Outlook on Nifty:

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

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