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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Metals, Automobile, Realty sectors. Nifty Feb Future closed at 14711.5 (up 38.90 points) at a premium of 3.75 pts to spot

* FIIs were net sellers in Cash to the tune of 1569 Cr and were net sellers in index futures to the tune of 159.71 Cr.

* India VIX decreased by 0.95% to close at 25.23 touching an intraday high of 25.64

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 14700, 14800, 14900, 15000 strike Calls and at 14800, 14700, 14500 strike Puts indicating market is likely to stay in the range of 14500-14800 in near term.

* Highest OI build-up is seen at 15000 strike Call and 14500 strike Put, to the tune of 6.86mn and 5.86mn respectively.

Outlook on Nifty:

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

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