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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Pharma, IT, Metal sectors. Nifty April Future closed at 14592 (up 50.85 points) at a premium of 10.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 980 Cr and were net buyers in index futures to the tune of 1308.64 Cr.

* India VIX decreased by 2.10% to close at 20.89 touching an intraday high of 21.55.

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 14800, 14700, 14600 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 10.32mn and 12.17mn 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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