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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Pharma, Realty, Chemical sectors. Nifty April Future closed at 14741.40 (up 53 points) at a premium of 67.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 1093 Cr and were net buyers in index futures to the tune of 298.27 Cr.

* India VIX decreased by 1.76% to close at 20.84 touching an intraday high of 22.24.

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, 14900, 14800 strike Calls and at 14700, 14600, 14500, 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 8.33mn and 9.51mn respectively.

Outlook on Nifty:

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

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