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Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Automobile, IT, Banking sectors. Nifty Jan Future closed at 14253.10 (down 127 points) at a premium of 14.25 pts to spot.

* FIIs were net sellers in Cash to the tune of 765.3 Cr and were net buyers in index futures to the tune of 1860.87 Cr.

* India VIX increased by 3.66% to close at 23.25 touching an intraday high of 23.81.

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 14500, 14400. 14300 strike Calls while liquidation was seen in 14600, 14500, 14400 strike Puts indicating market is likely to remain cautious during the day.

* Highest OI build-up is seen at 15000 strike Call and 14000 strike Put, to the tune of 7.81mn and 6.85mn respectively.

Outlook on Nifty:

* Index is likely to open on a flattish note today and is likely to remain cautious during the day

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