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Summary

* Indian markets closed on flat note where selling was mainly seen in Automobiles, Metals, Pharmaceutical Sectors. Nifty Mar Futures closed at 23705.35 (up 6.00 points) at a premium of 36.70 pts to spot.

* FIIs were net buyers in Cash to the tune of 5371.57 Cr and were net buyers in index futures to the tune of 919.76 Cr.

* India VIX decreased by 0.47% to close at 13.64 touching an intraday high of 14.48.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 24000, 23900, 23800 strike Calls and at 23500, 23600, 23700, 23800 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 24000 strike Calls and 23000 strike Puts, to the tune of 20.45mn and 22.20mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

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

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