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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Cement, IT, Metal sectors. Nifty April Future closed at 14924.4 (up 36.40 points) at a premium of 50.60 pts to spot.

* FIIs were net buyers in Cash to the tune of 111 Cr and were net buyers in index futures to the tune of 262.14 Cr.

* India VIX increased by 0.32% to close at 20.31 touching an intraday high of 20.59.

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 15000, 14900 strike Calls and at 15000, 14900, 14800, 14500 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 9.55mn and 10.24mn respectively.

Outlook on Nifty:

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

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