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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Pharma, Finance sectors. Nifty Feb Future closed at 14930.60 (up 35.30 points) at a premium of 6.40 pts to spot.

* FIIs were net buyers in Cash to the tune of 1461.71 Cr and were net sellers in index futures to the tune of 460.70 Cr.

* India VIX increased by 1.26% to close at 23.42 touching an intraday high of 23.94.

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 strike Puts while liquidation was seen in 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 4.26mn and 6.68mn 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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