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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Oil-Gas, Power, Metals sectors. Nifty Feb Future closed at 15100.5 (up 106.80 points) at a premium of 3.20 pts to spot.

* FIIs were net buyers in Cash to the tune of 188.1 Cr and were net buyers in index futures to the tune of 381.99 Cr.

* India VIX decreased by 5.27% to close at 22.89 touching an intraday high of 24.17.

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 15200, 15100, 15000, 14900 strike Puts and at 15500, 15200, 15100 strike Calls indicating neutral to bullish undertone in the market for the day.

* Highest OI build-up is seen at 15500 strike Call and 14500 strike Put, to the tune of 2.37mn and 3.20mn respectively

Outlook on Nifty:

* Index is likely to open on a gap down note today and is likely to see bounce back from support levels during the day

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