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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Automobile, IT, Chemical sectors. Nifty March Future closed at 14758.1 (up 160.40 points) at a premium of 39.05 pts to spot.

* FIIs were net buyers in Cash to the tune of 2223.2 Cr and were net sellers in index futures to the tune of 1893.63 Cr.

* India VIX decreased by 7.88% to close at 23.61 touching an intraday high of 25.63.

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 14900, 14800, 14700, 14600 strike Puts and at 15200, 15100 strike Calls indicating neutral to bullish undertone in the market for the day.

* Highest OI build-up is seen at 15000 strike Call and 14500 strike Put, to the tune of 5.50mn and 5.18mn 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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