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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Technology, Finance sectors. Nifty July Future closed at 15937.30 (up 68.25 points) at a premium of 13.10 pts to spot.

* FIIs were net sellers in Cash to the tune of 264.77 Cr and were net buyers in index futures to the tune of 705.52 Cr.

* India VIX decreased by 2.54% to close at 12.27 touching an intraday high of 12.95.

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 16000, 15900 strike Puts and at 16200, 16300, 16400 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 16000 strike Call and 15000 strike Put, to the tune of 11.11mn and 10.26mn respectively.

Outlook on Nifty:

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

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