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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Cement, Realty sectors. Nifty Feb Future closed at 14351.2 (up 642.15 points) at a premium of 70.05 pts to spot.

* FIIs were net buyers in Cash to the tune of 1494.2 Cr and were net buyers in index futures to the tune of 2134.72 Cr.

* India VIX decreased by 7.97% to close at 23.32 touching an intraday high of 25.93

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 14200, 14100. 14000 strike Puts while liquidation was seen at 13800, 13900, 14000 strike Calls indicating market is likely to remain positive during the day.

* Highest OI build-up is seen at 14500 strike Call and 13500 strike Put, to the tune of 4.32mn and 5.98mn respectively.

Outlook on Nifty:

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

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