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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Automobile, FMCG, Metals sectors. Nifty Jan Future closed at 18336.60 (up 41.60 points) at a premium of 28.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 855.47 Cr and were net sellers in index futures to the tune of 827.68 Cr.

* India VIX increased by 1.26% to close at 16.77 touching an intraday high of 17.55.

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 18300, 18100, 18000 strike Puts and 18300, 18400, 18500 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 18500 strike Call and 17500 strike Put, to the tune of 6.68mn and 11.63mn 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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