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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Cement, Finance sectors. Nifty Feb Future closed at 14993.7 (up 282.20 points) at a premium of 11.75 pts to spot.

* FIIs were net buyers in Cash to the tune of 28739.2 Cr and were net buyers in index futures to the tune of 443.22 Cr

* India VIX decreased by 4.20% to close at 24.17 touching an intraday high of 25.23.

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, 14700 strike Puts while liquidation was seen at 14800, 14900, 15000 strike Calls indicating positive undertone in the market during the day.

* Highest OI build-up is seen at 15000 strike Call and 14500 strike Put, to the tune of 5.18mn and 5.89mn respectively.

Outlook on Nifty:

* Index is likely to open on a gap up note today and is likely to remain positive during the day.

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