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Market Summary:

* Indian markets closed on a flat note where buying was mainly seen in Realty, IT, Cement sectors. Nifty May Future closed at 15303 (up 85 points) at a premium of 1.55 pts to spot.

* FIIs were net buyers in Cash to the tune of 242 Cr and were net buyers in index futures to the tune of 1289.59 Cr.

* India VIX increased by 10.77% to close at 20.87 touching an intraday high of 21.30.

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 15300, 15200, 15200 strike Puts and at 15400, 15500 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 6.77mn and 6.80mn 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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