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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Metals, Chemicals, Pharma sectors. Nifty April Future closed at 14901.1 (up 45.85 points) at a premium of 6.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 809 Cr and were net sellers in index futures to the tune of 648.34 Cr.

* India VIX increased by 3.21% to close at 23.31 touching an intraday high of 23.42.

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, 14800, 14600 strike Puts and at 15000, 15200, 15500 strike Calls indicating market is likely to remain range bound during the day.

* Highest OI build-up is seen at 15000 strike Call and 14500 strike Put, to the tune of 4.29mn and 4.11mn respectively

Outlook on Nifty:

Index is likely to open on a gap down note today and is likely to remain range bound during the day.

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