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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in FMCG, Pharma, Metals sectors. Nifty Feb Future closed at 15161.40 (down 23.50 points) at a discount of 1.85 pts to spot.

* FIIs were net sellers in Cash to the tune of 37.33 Cr and were net sellers in index futures to the tune of 732.90 Cr.

* India VIX decreased by 3.93% to close at 22.14 touching an intraday high of 23.07.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Liquidation in OI were seen in 15100, 15000, 14800 strike Puts and at 15100, 15200, 15400 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 15500 strike Call and 15000 strike Put, to the tune of 4.84mn and 4.15mn respectively.

Outlook on Nifty:

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

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