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Market Summary:

*Indian markets closed on a positive note where buying was mainly seen in Automobile, Metals, FMCG sectors. Nifty April Future closed at 14608.50 (up 274.40 points) at a premium of 101.20 pts to spot.

*FIIs were net sellers in Cash to the tune of 50.13 Cr and were net buyers in index futures to the tune of 1879.79 Cr.

*India VIX decreased by 9.02% to close at 20.65 touching an intraday high of 22.92.

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 14600, 14500, 14400, 14000 strike Puts and at 14500, 14600, 14700, 15000 strike Calls indicating that the index 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 6.51mn and 7.81mn respectively.

Outlook on Nifty:

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

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