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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Auto, Cement, Metals sectors. Nifty Dec Future closed at 18874.5 (up 140.90 points) at a premium of 116.15 pts to spot.

* FIIs were net buyers in Cash to the tune of 9010 Cr and were net buyers in index futures to the tune of 1109.03 Cr.

* India VIX increased by 1.41% to close at 13.81 touching an intraday high of 14.05.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 18800, 18700, 18600 strike Puts and at 18900, 19000 strike Calls indicating market is likely to remain positive during the day.

* Highest OI build-up is seen at 19000 strike Calls and 18500 strike Puts, to the tune of 15.26mn and 16.07mn 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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