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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Feb Future closed at 14696.00 (up 344.75 points) at a premium of 48.15 pts to spot.

* FIIs were net buyers in Cash to the tune of 6181.56 Cr and were net sellers in index futures to the tune of 974.52 Cr.

* India VIX increased by 0.09% to close at 23.35 touching an intraday high of 23.61.

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 14700, 14600, 14500, 14400 strike Puts and at 14600, 14700, 14900, 15000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 6.61mn and 6.79mn 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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