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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Technology sectors. Nifty Feb Future closed at 15126.50 (up 195.85 points) at a premium of 10.70 pts to spot.

* FIIs were net buyers in Cash to the tune of 1876.60 Cr and were net buyers in index futures to the tune of 490.57 Cr.

* India VIX increased by 2.31% to close at 23.96 touching an intraday high of 24.35

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 15200, 15100, 15000 strike Puts and at 15100, 15300, 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 14500 strike Put, to the tune of 5.97mn and 5.17mn 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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